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33237600
29807766

496 IN-26, Frankfort, IN 46041 For Sale

Shook Commercial Real Estate
Listed by Shook Commercial Real Estate
$399,000
158 days on market
Updated 3 days ago

496 IN-26

Details
Property Type Retail, Office (+1)
Sub Type Shopping Center, Traditional Office
Square Footage 17,116
Price per SqFt $23
Class B
Year Built 1905
Acreage 0.600
Zoning B-1

Multi-Unit Retail | 17,116 SqFt

Marketing description

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.

Located just 4 miles east of Rossville on State Road 26 East

Investment highlights

  • Multi-unit layout
  • High traffic
  • Full-Block

Listing Contacts

Shook Commercial Real Estate
Listed by Shook Commercial Real Estate

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