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359 N Main Street

Frankfort, IN 46041

ActiveListed Jun 26, 2025 · 430 days on market

Key facts

Living area
10,200 sqft
Lot
0.2 acres
Year built
1910
Type
Commercial Sale · Mixed Use
MLS #
22022201
County
Clinton
Total building area
10,200 sqft

About this home

Bring your ENTREPRENEURIAL SPIRIT and be a part of HISTORY! Located in the Frankfort Historical District, this converted commercial building, built in 1910, used to be a rail station for the Northern Indiana Power (NIP) Interurban Electric Railway. Frankfort, known as "Gem City" because of its brightness in the new electric light era, could be seen for miles around because of its electric lights. Perfect for a restaurant, cafe or a coffee shop; maybe a karaoke bar or an event venue - there are endless possibilities for this property, limited only by your imagination. This sale includes the building and the attached parking lot. Book a showing today!

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Middle school
Frankfort Middle School
High school
Frankfort High School
School district
Community Schools of Frankfort

Taxes

Estimated annual tax
$5,810 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,018per month, estimated
Principal and interest $2,369Property tax $484Insurance $164
20% · $94,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$470,000
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