Property profile

100 Morton St Franklin, IN 46131

OFF-MARKET
Commercial land
Property ID
US31-0582035
0.97 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Franklin, Indiana property at 100 S Morton St offers a unique investment opportunity combining retail space and land lease options. The 0.97-acre lot presents a prime location along Franklin's main corridor on US 31, boasting high visibility and accessibility. The existing retail building totals 4,370 square feet, with flexible spaces available for lease ranging from a minimum of 1,025 square feet up to a potential 5,040 square feet. This allows for adaptability to various retail concepts and business needs. The property benefits from its strategic placement near a concentration of established national retailers and restaurants, including Kroger Marketplace, Kohl's, Walmart, Marshalls, Meijer, Starbucks, McAlister's Deli, Freddy's Frozen Custard & Steakburgers, Buffalo Wild Wings, PetSmart, and Chili's. This high-traffic area ensures significant foot traffic and brand visibility for prospective tenants. Construction is anticipated to begin in Spring 2025, presenting a timely opportunity for businesses to secure their place in this thriving retail hub. The property's multiple tenancy option allows for diverse business combinations, maximizing rental income potential. Don't miss this chance to be part of Franklin's vibrant commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.97 ac (42,467 SF)
APN 41-08-14-033-075.000-009
UPID US31-0582035

Cap rate & NOI

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

Location

100 Morton St Franklin, IN 46131
Franklin metro Census 610801 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2016
3 recorded transactions
2023
Price N/A
2023
Price N/A
2016
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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