You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Outlet malls

2401 E Wabash St Frankfort, IN 46041

69,134 SF 11.33 ac lot Built 1985
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US31-2193517
Property summary
AI-generated overview

This exceptional 0.75-acre commercial outlot presents a prime retail development opportunity in Frankfort, Indiana. Located at 2401 E Wabash Street, this property boasts a highly visible position along a main thoroughfare, surrounded by a thriving retail environment. Neighboring businesses include established national brands such as Rural King, Papa John's, Taco Bell, Anytime Fitness, and Regions Bank, as well as popular regional retailers like Walmart, Aldi, and Ruler Foods. This strategic location ensures high traffic volume and excellent visibility for any new business. The site currently features a detention pond which will require re-engineering to accommodate new construction. The average household income within a 15-mile radius exceeds $70,000, indicating a strong consumer base with significant spending power. This outlot is ideal for a variety of retail uses and represents a rare opportunity to establish a presence in a robust and growing market. The property is zoned for commercial use within Clinton County, Indiana, and offers immediate access to major roadways, ensuring convenient access for customers and employees. This is a turnkey opportunity for developers seeking a high-visibility location with strong demographics. The 0.75-acre lot size provides ample space for a variety of development plans. Contact us today to learn more about this exceptional retail outlot opportunity.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 69,134 SF
Lot 11.33 ac (493,683 SF)
APN 12-10-12-326-001.000-021
UPID US31-2193517
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
  • Rural King Guns Gun Shop
  • Rural King Supply Clothing & Fashion Store
  • Rural King Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.53M
Owner & transaction history
Jefferson Pilot Investments INC · 19 yrs held
Jefferson Pilot Investments INC
since 2007
2 recorded transactions
2022
Price N/A
2007
$1.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message