407 Main StFrankfort, IN 46041

This 43,874 square foot, five-story building located at 407 N Main St, Frankfort, IN, presents a compelling investment opportunity. Built in 1917 and renovated in 2016, this Class D property offers significant versatility. Currently vacant, with an occupancy date of November 8, 2024, it boasts a mix of industrial, mixed-use, multifamily, office, and retail potential. The 31,775 square foot lot includes 15 parking spaces. The building features modern utilities, including 800-volt power capacity, HVAC, a sprinkler system, and a firewall-protected utility room. Its adaptable layout allows for various uses, including office space leasing, retail/restaurant space, or even an event venue. A potential financial proforma suggests a strong net operating income, making this a prime asset for investors seeking a blend of historical charm and modern functionality in a developing community. The property's APN is 121010210017000021. The asking price is $350,000, translating to $7.98 per square foot. This unique property offers a chance to capitalize on Frankfort's growth while preserving its cultural heritage.