117 Granville Dr Franklin, IN 46131
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Land
Property Details for 117 Granville Dr
- Lot size
- 4.70 lot acres
- Property type
- Land
Description
This exceptional 4.7-acre commercial land parcel presents a unique investment opportunity in Franklin, Indiana, a thriving suburb within the Indianapolis MSA. Located at the intersection of I-65 and IN-44/E King St, this property boasts unparalleled visibility with a combined 86,505 vehicles per day. The site is situated within the New Franklin Gateway Development, adjacent to recently constructed businesses including Culver’s, Starbucks, and Taco Bell, and a proposed hotel development. Nearby, established hotels include Hampton Inn & Suites, Fairfield Inn & Suites, and others. The area also features a brand-new 194-unit luxury apartment complex and a new ranch-style multifamily development across the street, indicating strong residential growth. This prime location benefits from excellent access to I-65 and a signalized intersection at the development entrance. Franklin's affluent population, part of the 2.1 million-person Indianapolis MSA, has seen significant growth, with a nearly 16% increase in the 10-mile radius since 2010. The property is zoned for commercial use and offers a fee simple ownership. The asking price is $2,749,500, translating to approximately $585,000 per acre. This represents a compelling investment in a high-growth area with strong existing and projected infrastructure. The proximity to Franklin College further enhances the long-term potential of this exceptional property.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Johnson
- State
- Indiana
- Longitude
- -86.0172
- Latitude
- 39.4846
