Technical
Financial
Distress signals
Property profile

10 Franklin St Huntington, IN 46750

OFF-MARKET
Parking lots & garages
Property ID
US31-2836494
0.05 ac lot Built 1950
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional three-story commercial building, located at 10 W Franklin Street in Huntington, Indiana, presents a unique investment opportunity. Situated on a 0.19-acre lot on State Road 5, directly across from the Huntington County Courthouse, this property enjoys high visibility and accessibility. The main level boasts a spacious open lobby, six private offices, two impressive vaults, and separate men's and women's restrooms. Two staircases and a passenger elevator provide convenient access to the upper floors. The second floor offers four additional offices, a reception area, three conference rooms, storage space, and another set of men's and women's restrooms. The third floor, previously configured as a dental office, is currently used for storage. The basement provides further storage and two more vaults. The property includes eight deeded parking spaces directly in front, supplemented by ample municipal parking nearby. Significant recent improvements include new furnaces installed in 2018 for the main and second floors, and a brand-new roof completed in 2023. The building is available for purchase at $480,000, and individual office spaces or combinations thereof are also available for lease. This property is ideal for a variety of commercial uses and represents a strong investment in a thriving downtown location.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1950
Construction TYPE NOT SPECIFIED
Lot 0.05 ac (2,140 SF)
APN 35-05-15-400-133.000-005
UPID US31-2836494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10 Franklin St Huntington, IN 46750-2643
Huntington metro Census 961500 HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2013
Price N/A
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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