408 Washington St Frankfort, IN 46041
- Commercial real estate
- 9,061 SF
- 0.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 408 Washington St
- Year built
- 1946
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.30 lot acres
- Property size
- 9,061 SF
- Property type
- Commercial real estate
- APN
- 12-10-10-279-001.001-021
- APU
- 121010279001001021
Description
This exceptional mixed-use property at 408 E. Washington St., Frankfort, IN 46041, presents a unique investment opportunity. The 6,017 square foot building, constructed in 1946, sits on a 0.3-acre lot and features two stories, offering versatile space adaptable to various uses. Currently configured as a storefront, creative office, and flex space, the property's potential extends to office, retail, industrial/flex, or even multifamily conversion. The main building comprises approximately 4,000 square feet on the first floor and 2,000 square feet on the second floor. Adding to its appeal is an adjacent approximately 2,000 square foot church building. The property boasts two loading docks, enhancing its functionality. Its prime location less than a mile from downtown Frankfort's square, within the Historic District, ensures high visibility and accessibility to local businesses and amenities. This is an owner/user NNN lease property, listed at $349,900. With its substantial size, flexible layout, and desirable location, this property offers significant upside for the discerning investor. The two buildings are situated on a 0.3-acre lot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Clinton
- State
- Indiana
- Longitude
- -86.5075
- Latitude
- 40.2818
- CBSA code
- 23140
- CBSA name
- FRANKFORT, IN MICROPOLITAN STATISTICAL AREA
