Frankton IN Commercial for Sale
- Type:
- Mixed Use
- Sq.Ft.:
- 4,855
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 22010081
ADDITIONAL INFORMATION
A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Frankton Real Estate
The median home value in Frankton, IN is $216,500. This is higher than the county median home value of $157,300. The national median home value is $338,100. The average price of homes sold in Frankton, IN is $216,500. Approximately 66.9% of Frankton homes are owned, compared to 24.56% rented, while 8.54% are vacant. Frankton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Frankton real estate agent to arrange a tour today!
Frankton, Indiana has a population of 2,047. Frankton is less family-centric than the surrounding county with 25.14% of the households containing married families with children. The county average for households married with children is 25.19%.
The median household income in Frankton, Indiana is $51,680. The median household income for the surrounding county is $54,491 compared to the national median of $69,021. The median age of people living in Frankton is 41.5 years.
Frankton Weather
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 41.4 inches per year, with 17.5 inches of snow per year.