$4,453
closing credit¹
122 N Washington St Frankton, IN 46044
Property details
About 122 N Washington St
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!
Highlights
Summary
- MLS Number: 22010109
- MLS Name: MIBOR
- Office Name: CrestPoint Real Estate
- Office Email: patrick@CrestPointIndy.com
- Listing Agent: Patrick Keller
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 2/4/2025, 7:16:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$375,000
122 N Washington St
$4,453
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2022 | Home Sold | $55,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $46,800 | $1,404 |
| 2021 | $43,600 | $696 |
| 2020 | $23,200 | $651 |
| 2019 | $21,700 | $805 |
| 2017 | $25,000 | $379 |
History based on county public records data.
Nearby schools
6
Frankton Elementary School
Public District PK-6
0.9 mi
•1303 Sr 128 W
3
Elwood Intermediate School
Public District 3-6
5.4 mi
•1207 N 19th St
6
Alexandria Monroe Elementary School
Public District PK-6
5.7 mi
•308 W 11th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,211. Residents of Frankton, IN typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Bass Pro Shops
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
New Country
Classic Country
Oldies
This home is located at 122 N Washington St in Frankton, IN and zip code 46044. Features: 0 bathroom. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $375,000.
The inventory of homes for sale in Frankton, IN between December and January 2025 decreased by 20%. While the average time on the market in January 2025 was 118 days, the median list price was $212,450.