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250 Alhambra Ave 5,490 SF Office Building Frankfort, IN 46041 $385,000 ($70.13/SF)
Investment Highlights
- Ample Parking Spaces
- All Brick Exterior
- 14 Office/ Exam Rooms
Executive Summary
Discover the potential of this expansive 5,490 square foot office building, a prime space that can adapt to a variety of uses! The main floor features awelcoming lobby and reception area, along with eight offices or exam rooms, a conference room, several storage rooms, and a laundry room. Three restrooms areavailable, including one that is ADA accessible. The lower level offers a generous recreation or meeting area, six additional offices or exam rooms, multiple storagerooms, and a kitchenette. This floor also includes washer and dryer hookups, and two restrooms, one of which has a shower and is ADA accessible. Parking is amplewith two lots providing a total of 32 spaces. The property conveniently has entrances from both Jackson Street and Alhambra Avenue, including a direct access pointto the downstairs level. This building presents an excellent opportunity for a range of commercial or residential uses; office space, medical offices, veterinary clinic, oreven multi-family housing. Bring your creativity to this versatile property!
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
5,490 SF
Building Class
C
Year Built
1960
Price
$385,000
Price Per SF
$70.13
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,745 SF
Building FAR
0.29
Lot Size
0.43 AC
Zoning
C - Commercial Use
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Basement
- Central Heating
- Shower Facilities
- Air Conditioning
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 12-10-10-482-012.000-021 | Total Assessment | $155,500 |
| Land Assessment | $16,000 | Annual Taxes | ($5,490) (($1.00)/SF) |
| Improvements Assessment | $139,500 | Tax Year | 2024 |
Property Taxes
Parcel Number
12-10-10-482-012.000-021
Land Assessment
$16,000
Improvements Assessment
$139,500
Total Assessment
$155,500
Annual Taxes
($5,490) (($1.00)/SF)
Tax Year
2024
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250 Alhambra Ave
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