2401 Wabash St Frankfort, IN 46041
- Outlet malls
- 69,134 SF
- 11.33 lot acres
Current Use by Public Records
- Rural King Guns / Gun Shop
- Rural King Supply / Women'S Clothing Store
- Rural King / Farm Equipment Supplier
Property Details for 2401 Wabash St
- Year built
- 1985
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 11.33 lot acres
- Property size
- 69,134 SF
- Property type
- Outlet malls
- APN
- 12-10-12-326-001.000-021
- APU
- 121012326001000021
Description
This exceptional 0.75-acre commercial outlot presents a prime retail development opportunity in Frankfort, Indiana. Located at 2401 E Wabash Street, this property boasts a highly visible position along a main thoroughfare, surrounded by a thriving retail environment. Neighboring businesses include established national brands such as Rural King, Papa John's, Taco Bell, Anytime Fitness, and Regions Bank, as well as popular regional retailers like Walmart, Aldi, and Ruler Foods. This strategic location ensures high traffic volume and excellent visibility for any new business. The site currently features a detention pond which will require re-engineering to accommodate new construction. The average household income within a 15-mile radius exceeds $70,000, indicating a strong consumer base with significant spending power. This outlot is ideal for a variety of retail uses and represents a rare opportunity to establish a presence in a robust and growing market. The property is zoned for commercial use within Clinton County, Indiana, and offers immediate access to major roadways, ensuring convenient access for customers and employees. This is a turnkey opportunity for developers seeking a high-visibility location with strong demographics. The 0.75-acre lot size provides ample space for a variety of development plans. Contact us today to learn more about this exceptional retail outlot opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $740,000
- 7%
- $790,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $660,000
- Retail
- $640,000
- Mixed-Use
- $670,000
- Hospitality
- $660,000
- Educational
- $700,000
- Residential Income
- $685,000
- Energy
- $760,000
- Income-Based Land
- $810,000
- Food Service
- $700,000
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Clinton
- State
- Indiana
- Longitude
- -86.4813
- Latitude
- 40.2773
- CBSA code
- 23140
- CBSA name
- FRANKFORT, IN MICROPOLITAN STATISTICAL AREA
