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496 IN-26 17,116 SF 100% Leased Industrial Building Frankfort, IN 46041 $475,000 ($27.75/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
| Price | $475,000 | Lot Size | 0.59 AC |
| Price Per SF | $27.75 | Rentable Building Area | 17,116 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1905 |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | ||
| Zoning | B-1 | ||
| Price | $475,000 |
| Price Per SF | $27.75 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.59 AC |
| Rentable Building Area | 17,116 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| No. Dock-High Doors/Loading | 1 |
| Zoning | B-1 |
Amenities
- Signage
Utilities
- Lighting
- Water - Well
- Sewer - Septic Field
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Property Taxes
| Parcel Number | 12-02-22-452-008.000-012 | Improvements Assessment | $36,000 |
| Land Assessment | $1,200 | Total Assessment | $37,200 |
Property Taxes
Parcel Number
12-02-22-452-008.000-012
Land Assessment
$1,200
Improvements Assessment
$36,000
Total Assessment
$37,200
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496 IN-26
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