408 Washington StFrankfort, IN 46041

Property Details for 408 Washington St

Year built

1946

Construction

TYPE NOT SPECIFIED

Lot size

0.30 AC

Property size (Sq ft)

9,061 SF

Property type

Other commercial real estate

APN

12-10-10-279-001.001-021

APU

121010279001001021

Description

This exceptional mixed-use property at 408 E. Washington St., Frankfort, IN 46041, presents a unique investment opportunity. The 6,017 square foot building, constructed in 1946, sits on a 0.3-acre lot and features two stories, offering versatile space adaptable to various uses. Currently configured as a storefront, creative office, and flex space, the property's potential extends to office, retail, industrial/flex, or even multifamily conversion. The main building comprises approximately 4,000 square feet on the first floor and 2,000 square feet on the second floor. Adding to its appeal is an adjacent approximately 2,000 square foot church building. The property boasts two loading docks, enhancing its functionality. Its prime location less than a mile from downtown Frankfort's square, within the Historic District, ensures high visibility and accessibility to local businesses and amenities. This is an owner/user NNN lease property, listed at $349,900. With its substantial size, flexible layout, and desirable location, this property offers significant upside for the discerning investor. The two buildings are situated on a 0.3-acre lot.

• Alternative Use

  Use

  Valuation

  Residential

  $3,333,060

  Hospitality

  $3,053,064

  Educational

  $2,540,114

  Medical

  $2,627,472

  Retail

  $3,951,288

Location Insight

City

Frankfort

County

Clinton

State

Indiana

Latitude

40.2818

Longitude

-86.5075

CBSA code

23140

CBSA name

FRANKFORT, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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