Property summary
This exceptional commercial property, located at 54 E. Washington St. in Frankfort, Indiana, offers 5,808 square feet of versatile space ideal for office or medical use. The building, a charming two-story structure built in 1910, is situated in the heart of downtown Frankfort, offering convenient access to local amenities and major roadways. Two spaces are available, ranging from 2,506 to 5,257 square feet, and can be leased individually or combined to suit specific needs. Each space… includes two restrooms and separate front and back entrances. Currently configured as "warm shells," these spaces provide significant opportunity for tenant build-outs to create customized layouts. The landlord is willing to collaborate on build-out plans to meet tenant specifications. The property's prime location offers easy access to Highway 28, placing it approximately 50 miles northwest of Indianapolis and 25 miles southeast of Lafayette. The surrounding area boasts local charm and convenience, with nearby restaurants, parks (like T.P.A. Park), and the Frankfort Community Public Library. This presents a unique opportunity to establish a business in a vibrant and historically rich community. The building is classified as Class B.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,529 SF
- Lot area
- 0.07 ac
- Year built
- 1910
- Stories
- 2
- APN
- 12-10-10-253-010.000-021
- Assessed value · 2023
- $60,100
- Annual tax · 2023
- $1,987
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Alternative use
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