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Property profile & analytics
OFF-MARKET
Retail space

4677 State Rd 135 Franklin, IN 46131-8377

2,688 SF 0.39 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0502538
Property summary
AI-generated overview

This exceptional 2,688 square foot freestanding retail building is situated on a 0.39-acre lot in Franklin, Indiana, a rapidly expanding area of Johnson County. Boasting 95 feet of road frontage on State Road 135, this property benefits from an estimated 13,700+ vehicles passing daily, according to INDOT data. The building's versatile layout presents numerous possibilities for a variety of retail businesses. Previous uses include a beauty salon, auto parts store, and car lot, demonstrating its adaptability. An added advantage is the inclusion of an overhead door at the rear of the structure, enhancing logistical flexibility. The property's high visibility and substantial traffic flow make it an ideal location for businesses seeking maximum exposure. This is a rare opportunity to acquire a well-positioned retail space in a thriving market. Note that an adjacent building is also available for purchase (BLC# 21908238). Priced at $599,900, this property offers significant potential for growth and return on investment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction WOOD
Total area 2,688 SF
Lot 0.39 ac (16,945 SF)
APN 41-04-25-023-007.003-039
UPID US31-0502538
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wilhelm Farms LLC
Wilhelm Farms LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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