550 W Walnut Street, Frankfort, IN 46041

$415,000
1,575
SqFt

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List Price
$415,000
Price Change
▼ $85,000 1778017087
MLS#
22082405
Property Type
Commercial Sale
Sqft. of Residence
1,575
Year Built
1996
Days on Market
175
Status
ACTIVE

Property Description

Turnkey Commercial building + Vacant Lot in Prime Frankfort Location!Excellent investment or owner-user opportunity! Updated commercial building originally built for a salon. New roof (2024), facia, A/C (2025), bathroom upgrades, and newer flooring throughout. 4 foot Crawl space. Includes adjacent vacant lot offering room for expansion, additional parking, building perfect to add a drive through access or new development. Great visibility on W. Walnut St. with strong traffic flow. Low-maintenance property with immediate income or redevelopment potential. Property is sold as a package with neighboring lot 506 W Walnut St. listed at MLS# 22082394 for lot pictures and listing information.

Additional Information

Acres
0.15
Heat
Forced Air
Cooling
Central Air
Region
Center

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Calculator source: Real Geeks

Listing courtesy of AXEN Realty LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative