250 Alhambra Ave Frankfort, IN 46041
Discover the potential of this expansive 5,490 square foot office building, a prime space that can adapt to a variety of uses! The main floor features a welcoming lobby and reception area, along with eight offices or exam rooms, a conference room, several storage rooms, and a laundry room. Three restrooms are available, including one that is ADA accessible. The lower level offers a generous recreation or meeting area, six additional offices or exam rooms, multiple storage rooms, and a kitchenette. This floor also includes washer and dryer hookups, and two restrooms, one of which has a shower and is ADA accessible. Parking is ample with two lots providing a total of 32 spaces. The property conveniently has entrances from both Jackson Street and Alhambra Avenue, including a direct access point to the downstairs level. This building presents an excellent opportunity for a range of commercial or residential uses; office space, medical offices, veterinary clinic, or even multi-family housing. Bring your creativity to this versatile property!
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Dr. John F. Schiltz, MD Physician
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Center Township of Clinton County Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.