496 IN-26 - Warehouse FOR SALE


Frankfort, IN 46041
$475,000 USD
219-863-5947
496 IN-26, Frankfort, IN for Sale
$475,000 USD
Warehouse - FOR SALE
1/58
null | Request Cap Rate

496 IN-26
Frankfort, IN 46041


HIGHLIGHTS

  • Multi-unit layout
  • Multi-unit layout
  • Full-Block

OVERVIEW

Position your investment in Sedalia with this full-block, multi-unit commercial strip offering stable tenancy, flexible space, and future development upside. With 4,493 cars per day passing by, this Main Street location delivers consistent visibility and accessibility. The property features a long-standing 400 SF United States Postal Service office anchor tenant, providing reliable foot traffic and community presence, a 12,000 SF (4,000 SF unfinished 2nd floor) large storage/warehouse area with a restroom, loading docks, ideal for logistics, trades, or light industrial users, and a vacant 4500 SF retail/office suite with a restroom shared with the post office ready for immediate occupancy or tenant customization. Short-term lease in place, creating a near-term opportunity for repositioning or owner-user occupancy. Full block frontage, offering unmatched exposure and signage potential with room to add an additional unit with a loading dock, expanding income and functionality (subject to local approvals). This property is served by one electric meter, LP gas, and a well for water and a septic system (no city water or sewer fees). Landlord pays all expenses: electricity, LP, taxes, and building maintenance. The current income is $542.50 from the United States Postal Service, and $4,000 SF for $2,300 from ADS Cabinets in the storage area. Whether you’re an investor seeking stable returns with upside or a business owner looking for a centralized location between Lafayette and Kokomo, this property offers versatility, visibility, and long-term potential in a small community setting.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

UTILITIES

Lighting, Water - Well, Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.59

LAND SF

25,700

ZONING

B-1

APN/PARCEL ID

12-02-22-452-007.000-012,12-02-22-452-008.000-012,12-02-22-452-009.000-012,12-02-22-452-010.000-012,12-02-22-452-011.000-012

ASK ABOUT THIS PROPERTY

Josh DenoShook Commercial Real EstateMore Info
219-863-5947

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Josh DenoShook Commercial Real EstateMore Info
219-863-5947

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