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122 N Washington Street

Frankton, IN 46044

– beds
– baths
– sqft
4,792 sqft lot
1900 build

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!

Listing courtesy of MIBOR / CrestPoint Real Estate

Last checked: Checking… • Last updated Nov 17, 2024 •

MLS# 22010109 —

The Building

Year Built:

1900
New Construction:

false
Construction Materials:

Aluminum Siding, Brick, Cement Siding
Architectural Style:

Multi-Level, Other
Levels:

Two
Roof:

Rubber
Basement:

true
Basement:

Full, Unfinished
Foundation Details:

Block
Exterior Features:

Not Applicable
Security Features:

Smoke Alarm
Direction Faces:

East
Green Certification:

No
Building Information:

Storage
Gross Area SqFt:

4855

Interior

Laundry Features:

Common Laundry, Connections All, Main Level

Location

Directions:

GPS Friendly
Latitude:

40.223767
Longitude:

-85.780359

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Fourplex
Property Attached:

true
Parcel Number:

480531301018000028
Acres:

<1/4 Acre
Lot Features:

City Lot, Corner Lot, Not In Subdivision, Sidewalks, Street Lights
Lot Size Acres:

0.11
Lot Size SqFt:

4,792 Sqft
Price Per Acre:

3409091
Zoning:

commercial
Property Condition:

Updated/Remodeled
Additional Parcels:

false
Structure Type:

Quadruplex
View:

Downtown
View:

true
Waterfront:

false
Fence:

No
Current Use:

Apt<20
Possible Use:

Apt<20, AutoMisc, Medical, Office, Restaurant, Retail, SpecUseRec
Road Access:

Access Rd
Road Frontage Type:

City Street
Road Surface Type:

Asphalt, Concrete

Listing Agent

Contact info:

Taxes

Tax Lot:

008
Tax Year:

2023
Tax Exemptions:

None
Semi Annual Property Tax Amt:

702

The Listing

Inspection Warranties:

Not Applicable
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air, Gas
Cooling:

Central Electric

Utilities

Building Utilities:

Separate Gas Meter,Sewer,Water
Solid Waste:

No

Schools

Middle Or Junior School:

Lapel Middle School
High School District:

Frankton-Lapel Community Schools

The Community

Subdivision Name:

No Subdivision

Parking

Parking:

Parking Lot,Paved Area
Parking Features:

None

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/12/24 Nov 12, 2024	Listed / Active	MIBOR	$375,000

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This multifamily located in Frankton, IN 46044 is currently for sale for $375,000. 122 N Washington Street is a – square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Frankton Junior-Senior High School and Frankton Elementary School.

Listing Courtesy of: MIBOR and CrestPoint Real Estate.

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