122 Washington StFrankton, IN 46044

For Sale
$375,000
Newly renovated, high-income potential, 4,855 sq ft.

Overview

Added:
Feb 3
Days on market:
72
This exceptional mixed-use property in Frankton, Indiana, presents a unique investment opportunity. The building, totaling 4,855 square feet, has undergone a complete renovation, boasting new HVAC, electrical, plumbing, windows, and roof. The main level offers 2,404 square feet of versatile commercial space, ideal for a variety of uses, including retail, office, or specialized ventures such as a veterinary clinic, restaurant, or fitness studio. Currently zoned commercial, it also has the potential to be rezoned residential, offering even greater flexibility. The lower level provides ample storage space. Upstairs, three fully renovated 2-bedroom, 1-bathroom apartments, each approximately 833 square feet, generate a combined monthly rental income of $3,000, with leases in place for another year. Each apartment features its own gas and electric meters. The property sits on a 0.11-acre lot. This turnkey operation offers immediate income and significant long-term potential, making it an attractive investment for both business owners and investors seeking a high-return property with diverse usage options. The building also includes a full basement, providing additional storage. This is a rare opportunity to acquire a fully renovated, income-producing property in a desirable location.

Property Details for 122 Washington St

Property type
Mixed-use properties
Square Feet
4,855 SF
Year Built
1900
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Frankton
County
Madison
State
Indiana
Latitude
40.22377
Longitude
-85.78036
122 Washington St, Frankton, Indiana

FAQs

What type of property is this?
Mixed-use property - Newly renovated, high-income potential, 4,855 sq ft.
Where is the mixed-use property located?
The property is located at 122 Washington St Frankton, IN.
What is the asking price?
The asking price for this property is $375,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
122 Washington St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message