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Property summary
This exceptional 2,730 square foot office building, situated on a 1.28-acre lot in Franklin, Indiana, presents a compelling investment opportunity. Currently leased at $4,200 per month (triple net lease) until October 31, 2027, this property offers immediate income potential. Its prime location boasts pylon frontage on Interstate 65, ensuring high visibility and easy access via the Franklin exit. The building is conveniently located less than 30 minutes from downtown Indianapolis and provides effortless access to I-465, I-70, and I-69, enhancing its regional appeal. Recent upgrades include all-new EIFS siding and replacement windows (2023), significantly improving energy efficiency. The interior features a flexible, open floor plan, adaptable to a wide range of professional uses, including but not limited to counseling centers, medical offices, veterinary clinics, daycare facilities, and various professional service businesses (attorneys, accountants, insurance, real estate, tax preparation, etc.). The substantial lot size offers significant potential for future expansion, allowing for more than doubling the current building footprint. This property's combination of strong location, recent improvements, and existing lease makes it an attractive investment with excellent long-term prospects. The asking price is $699,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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