10 Franklin StHuntington, IN 46750

Property Details for 10 Franklin St

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

0.05 AC

Property type

Parking lots & garages

APN

35-05-15-400-133.000-005

APU

350515400133000005

Description

This exceptional three-story commercial building, located at 10 W Franklin Street in Huntington, Indiana, presents a unique investment opportunity. Situated on a 0.19-acre lot on State Road 5, directly across from the Huntington County Courthouse, this property enjoys high visibility and accessibility. The main level boasts a spacious open lobby, six private offices, two impressive vaults, and separate men's and women's restrooms. Two staircases and a passenger elevator provide convenient access to the upper floors. The second floor offers four additional offices, a reception area, three conference rooms, storage space, and another set of men's and women's restrooms. The third floor, previously configured as a dental office, is currently used for storage. The basement provides further storage and two more vaults. The property includes eight deeded parking spaces directly in front, supplemented by ample municipal parking nearby. Significant recent improvements include new furnaces installed in 2018 for the main and second floors, and a brand-new roof completed in 2023. The building is available for purchase at $480,000, and individual office spaces or combinations thereof are also available for lease. This property is ideal for a variety of commercial uses and represents a strong investment in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $591,665

  6.5%

  $546,152

  7%

  $507,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $417,506

  Geo Method

  $106,184

• Alternative Use

  Use

  Valuation

  Residential

  $460,700

  Hospitality

  $421,999

  Educational

  $351,098

  Medical

  $363,173

  Retail

  $546,152

Location Insight

City

Huntington

County

Huntington

State

Indiana

Latitude

40.8808

Longitude

-85.4943

CBSA code

26540

CBSA name

HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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