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550 W Walnut Street Frankfort, IN $ 500,000
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$ 500,000 Get more info
550 W Walnut Street
$ 500,000
Back to search
Share Save

550 W Walnut Street

Frankfort, IN, 46041
$ 500,000
Bedrooms-- Baths-- Sq 1,575

Monthly Estimate*

$ 3,079

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Commercial Property for sale in Frankfort, IN

for $500,000. This 1,575 square foot building was built in 1996 on a lot size of 0.15.

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.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 3,560

Style

Retail

Lot Size

0.15

Year Built

1996

Town/City

Frankfort

County/Region

Clinton

MLS | Web ID

22082405
Features
General
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing Negotiable
Roof Asphalt
Zoning retail trd
Year Built 1996
Stories Count 1
Township Center
Property Subtype Retail
Tax Year 2024
Current Use Vacant
County Clinton
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Frankfort
High School District Community Schools of Frankfort
MLS Area 1210 - Clinton - Center
Lot Size Square Feet 6490
Standard Status Active
Tax Lot 21
Legal Description 016-02077-00 Armantrout Add Pt Lot 21
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Exterior
Parking Features Asphalt Guest
Building Area Total 1575
Lot Size Acres 0.15
Road Frontage Type City Street
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* Excluded Features
List By
Axen Realty Llc

Broker

Kathy@Zamora-Homes.com

Email

Affordability Calculator

$3,375
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$297
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
4048512 Elementary School
5229032 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$500,000 Listed Price

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550 W Walnut Street, Frankfort, IN, 46041 is a Commercial Property for sale at $500,000 with 1,575 sqft and a lot size of 0.15. 550 W Walnut Street was built in 1996. The property's zip code is 46041 which is in Frankfort, IN

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