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496 IN-26 17,116 SF 100% Leased Office Building Frankfort, IN 46041 $650,569 CAD ($38.01 CAD/SF)
Investment Highlights
- Multi-unit layout
- Full-Block
- Multi-unit layout
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,116 SF
Year Built
1905
Price
$650,569 CAD
Price Per SF
$38.01 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
17,116 SF
Zoning
B-1
Parking
25 Spaces (1.46 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 12-02-22-452-008.000-012 | Improvements Assessment | $49,306 CAD |
| Land Assessment | $1,644 CAD | Total Assessment | $50,950 CAD |
Property Taxes
Parcel Number
12-02-22-452-008.000-012
Land Assessment
$1,644 CAD
Improvements Assessment
$49,306 CAD
Total Assessment
$50,950 CAD
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496 IN-26
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