197 E Jefferson Street Franklin, IN $ 950,000
197 E Jefferson Street
$ 950,000
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197 E Jefferson Street

Franklin, IN, 46131
$ 950,000
Baths0.0 Sq 6,000

Monthly Estimate*

$ 6,636

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Studio

Commercial Property for sale in Franklin, IN

for $950,000. This 6,000 square foot building was built in 1930 on a lot size of 0.77.

There is a group that has an offer in place to purchase this property subject to securing lease tenants and securing financing. The current owner does not desire to own lease property .However if you have a potential lease client we will direct you to the potential investment buyer group to discuss and as Listing agent we are also seeking additional offers for purchase should the investment group not move forward. As a professional real estate agent in my hometown of Franklin, Indiana for over 40 years this is one of the finest properties I have had the privilege to represent. Jessen Funeral Home & Simple Cremation have simply outgrown this home and are searching options for relocation to serve the needs of the Franklin community for generations to come. The previous owners with the steady hand of their full-time contractor have meticulously restored this beautiful historic building to its original state of grandeur. A truly once in a lifetime opportunity to own a historic building in the downtown area with limitless possibilities including, retail, restaurant, professional office and upper-level housing, along with a rare large parking area incl

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Commercial Pending

Price

$ 950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,494

Style

Mixed Use

Lot Size

0.77

Year Built

1930

Town/City

Franklin

County/Region

Johnson

MLS | Web ID

21940330

Features
General
Heating Forced Air Gas
Cooling Central Electric
Utilities Cable Connected Gas Sep Electric Meter Sep Gas Meter Sewer Connected Water Connected
Possession Closing Negotiable
Roof Mixed Rubber Shingle
Zoning MXD
Garage Spaces 1
Year Built 1930
Electric 100 Amp Service 200+ Amp Service
Stories 2
Township Franklin
Levels One
Property SubType Mixed Use
Tax Year 2022
Current Use See Remarks
Building Name GEORGE KINGS FRANKLIN TWP
County Johnson
New Construction N
Property Type Commercial Sale
Subdivision Name George Kings Franklin Twp
Possible Use Office Residential Restaurant Retail SpecUseGov
Status Pending
Directions Follow US31 to Jefferson Street or I 65 to Franklin Exit and follow signs into dwntown Franklin.Property is on the Southwest corner of Jefferson Street and Home Avenue in the heart of downtown Frankl
High School Franklin Community High School
City Franklin
Buyer Agent Compensation 2.5
High School District Franklin Community School Corp
MLS Area 4105 - Johnson - Franklin
Lot Size Square Feet 33463
Street Name Jefferson
Middle/Junior High School Franklin Community Middle School
Additional Parcels Y/N N
Days on Market 163
Standard Status Pending
Tax Lot 4 3
Buyer Agent Compensation Type %
Legal Description Kings 2nd Add Lot 4 & Pt Lot 3 Mp Franklin Communi
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Exterior
Parking Features Alley Access Asphalt Guest Parking Rear/Side Entry
Building Area Total 6000
Lot Size Acres 0.77
Road Surface Type Asphalt
Road Frontage Type City Street
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Interior
Basement (Y/N) Y
Street Suffix Street
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* Excluded Features
List By
Smythe & Co, Inc

Broker

fredparis@fredparis.com

Email

Affordability Calculator

$7,344
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,636
Monthly Property Taxes
$708
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4045176 Elementary School
4052126 Middle School
Franklin Community High School High School
Pricing History
DatePricePrice ChangeDescription
1/29/2024$950,000 -9.52% Price Down
9/15/2023$1,050,000 Listed Price

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197 E Jefferson Street, Franklin, IN, 46131 is a Commercial Property for sale at $950,000 with 6,000 sqft and a lot size of 0.77. 197 E Jefferson Street is a studio with 0.0 baths and was built in 1930. The property's zip code is 46131 which is in Franklin, IN