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Property profile & analytics
OFF-MARKET
Retail space

449 Hurricane St Franklin, IN 46131-1801

2,286 SF 0.07 ac lot Built 1930
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US31-1144078
Property summary
AI-generated overview

This 2,286 square foot retail property, situated on a 0.07-acre lot at 449 Hurricane Street in Franklin, Indiana, presents a unique investment opportunity. Its prime location offers exceptional visibility and accessibility from both Jefferson and Hurricane Streets, ensuring high foot traffic and customer convenience. The spacious interior layout is adaptable to a wide range of business uses, making it ideal for a grocery store or any small business seeking a turnkey solution. The existing setup allows for customization and expansion to meet specific business needs. A significant advantage is the inclusion of a charming studio apartment located upstairs. This versatile space offers multiple possibilities, including on-site living for the owner or manager, or the potential to generate additional rental income. The combination of prime commercial space and a residential unit creates a compelling investment opportunity in Franklin's thriving market. The property's location on Hurricane Street provides easy access for both customers and the owner, enhancing its overall appeal and practicality. This property is priced at $300,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction WOOD
Total area 2,286 SF
Lot 0.07 ac (3,054 SF)
APN 41-08-14-041-066.000-009
UPID US31-1144078
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ranjit Dhillon · 2 yrs held
Ranjit Dhillon
since 2024
4 recorded transactions
2024
Price N/A
2024
$40,000
2007
Price N/A
2006
$35,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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