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    Property profile & analytics

    122 Washington St Frankton, IN 46044

    • Mixed-use properties
    • 4,855 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0793300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Phoenix Print Wear / Screen Printer

    Property Details for 122 Washington St

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    4,855 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property in Frankton, Indiana, presents a unique investment opportunity. The building, totaling 4,855 square feet, has undergone a complete renovation, boasting new HVAC, electrical, plumbing, windows, and roof. The main level offers 2,404 square feet of versatile commercial space, ideal for a variety of uses, including retail, office, or specialized ventures such as a veterinary clinic, restaurant, or fitness studio. Currently zoned commercial, it also has the potential to be rezoned residential, offering even greater flexibility. The lower level provides ample storage space. Upstairs, three fully renovated 2-bedroom, 1-bathroom apartments, each approximately 833 square feet, generate a combined monthly rental income of $3,000, with leases in place for another year. Each apartment features its own gas and electric meters. The property sits on a 0.11-acre lot. This turnkey operation offers immediate income and significant long-term potential, making it an attractive investment for both business owners and investors seeking a high-return property with diverse usage options. The building also includes a full basement, providing additional storage. This is a rare opportunity to acquire a fully renovated, income-producing property in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frankton
    County
    Madison
    State
    Indiana
    Longitude
    -85.78036
    Latitude
    40.22377
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    122 Washington St
    Frankton, IN 46044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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