309 N Washington St - Fast Food FOR SALE


Crawfordsville, IN 47933
$50,000 USD
305-206-1286
309 N Washington St, Crawfordsville, IN for Sale
$50,000 USD
Fast Food - FOR SALE
1/10
null | Request Cap Rate

309 N Washington St
Crawfordsville, IN 47933


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former KFC | 13K VPD | Drive Thru | AUCTION JULY 28-30, 2025
  • Freestanding Former KFC with Drive-Thru Available at Discount Below Replacement Cost; 1 Hour from Indianapolis
  • 13,932 VPD Traffic Counts at Hard Corner with Frontage on N Washington St and near Intersection of Market St (+17K VPD)
  • Demand Drivers Nearby: Wabash College, Kroger, CVS, PNC Bank, Starbucks, McDonald’s, County Court, High School
  • Attractive Demographics with Population of ±22,819 and Average Household Income of ±$83,482 (5-Mile)
  • Zoned B3, Business District with a Variety of Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 309 N. Washington Street in Crawfordsville, Montgomery County, Indiana 47933 (the “Property”). Formerly occupied by KFC, the Property is being offered significantly below replacement cost, creating an attractive opportunity for owner/users or investors to acquire a highly visible, free-standing retail asset in a regional market within the North Indiana Area submarket. FIRST BID MEETS RESERVE! Built in 1979, the Property consists of a ±3,000-square-foot freestanding building situated on a ±0.469-acre parcel (±20,419 SF), with 12 surface parking spaces. Positioned at a hard corner along one of Crawfordsville’s primary thoroughfares, the site features a pylon sign, a drive-thru, and strong visibility with ±165 feet of frontage along N. Washington Street, which sees ±13,932 vehicles per day (VPD). The existing infrastructure makes the site an excellent candidate for restaurant reuse, retail repositioning, or redevelopment for QSR or other commercial uses. Previously leased on a NNN basis, the building offers a compelling value-add opportunity to re-lease at market rents (CoStar estimated retail rents: $14–$17/SF NNN). Zoned B3 – Business, the Property supports a wide range of uses, providing flexibility for future tenancy or redevelopment. Crawfordsville serves as the county seat and primary commercial hub of Montgomery County, offering a strong mix of national and local retailers, institutional anchors, and consistent consumer traffic from both residents and regional visitors. The Property is located just off the high-traffic intersection with E. Market Street (±17,216 VPD), providing excellent accessibility and daily visibility. Interstate 74 is located approximately 3 miles north, offering seamless east–west connectivity with larger cities such as Indianapolis (±45-mi east) and Champaign, Illinois (±90-mi west)—positioning the area as a strategic midpoint between two major economic centers. Educational and healthcare demand drivers include Wabash College, a nationally ranked liberal arts institution with an enrollment of approximately 850 students, and Franciscan Health Crawfordsville, a full-service, 25-bed regional hospital—both located within 1 mile of the Property. The Property is also located near major employers including Lakeside Book Company (±1-mi), Random House (±2-mi), and Nucor Steel (±8-mi). The surrounding community supports a stable and growing consumer base, with a 5-mile population of ±22,819 and an average household income exceeding $83,000. This demographic strength, combined with the Property’s strategic location, underpins its long-term viability for a wide range of retail, service, or QSR uses.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former KFC | 13K VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

B3

APN/PARCEL ID

54-07-32-332-027.000-030

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.