122 Washington StFrankton, IN 46044

Property Details for 122 Washington St

Year built

1900

Lot size

0.11 AC

Property size (Sq ft)

4,855 SF

Property type

Mixed-use properties

Description

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.

Location Insight

City

Frankton

County

Madison

State

Indiana

Latitude

40.2238

Longitude

-85.7804

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