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Property profile & analytics
OFF-MARKET Estimated value $1,445,000
Grocery and convenience stores

1451 Wabash St Frankfort, IN 46041-2742

19,970 SF 2.84 ac lot Built 2014
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US31-3035962
Property summary
AI-generated overview

Frankfort Plaza Retail Center, located at 1451 E Wabash St, Frankfort, IN 46041, offers exceptional retail space in a thriving Indiana community. This single-story, Class B retail center boasts a total of 57,540 square feet, currently housing a diverse mix of established businesses including Dollar Tree, Subway, and others. Three spaces are immediately available, ranging from 1,255 to 7,500 square feet, providing flexibility for various retail concepts. The center benefits from high visibility along E. Wabash Ave., a main thoroughfare, with pylon signage opportunities. Its strategic location between Indianapolis and Lafayette, coupled with Frankfort's growing retail sector and strong local economy, ensures high foot traffic and excellent potential for success. The property's convenient proximity to Historic Downtown Frankfort and Frankfort High School further enhances its appeal. This is an unparalleled opportunity to join a successful retail center in a vibrant and expanding market. The property is categorized as a strip center, shopping center, in-line shops, neighborhood center, and retail center, offering multiple tenancy options.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2014
Construction TYPE NOT SPECIFIED
Total area 19,970 SF
Lot 2.84 ac (123,710 SF)
APN 12-10-11-401-013.001-021
UPID US31-3035962
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Ruler Foods Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M
Owner & transaction history
AGREE
AGREE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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