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Property profile & analytics
OFF-MARKET Estimated value $810,000
Retail space

2179 Morton St Franklin, IN 46131-7031

5,183 SF 0.63 ac lot Built 2001
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US31-0664062
Property summary
AI-generated overview

This single-story, 5,183 square foot building, constructed in 2004, offers 1,420 square feet of immediately available space in a vibrant retail area. Located at 2179 N Morton St, Franklin, IN 46131, the property sits on 0.633 acres and is zoned C-1. The building enjoys high visibility from US 31 South and benefits from its location in a high-income area just 12 miles south of Indianapolis. Existing tenants include GameStop and Morton Family Dental, and the property is situated near major retailers such as Walmart, Lowe's, Meijer, Starbucks, Panera Bread, and Hobby Lobby, ensuring high traffic counts and strong consumer presence. The building features multiple tenancies and is ideal for medical or traditional office uses. The available space presents a unique opportunity to establish or expand a business in a thriving commercial environment. This property offers excellent accessibility and visibility, making it an attractive option for a variety of businesses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 5,183 SF
Lot 0.63 ac (27,573 SF)
APN 41-08-10-014-002.009-009
UPID US31-0664062
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$810k
Owner & transaction history
Indiana State · 3 yrs held
Indiana State
since 2023
Last sale
$7,500
2 recorded transactions
2023
$7,500
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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