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2048 N Morton Street

Franklin, IN 46131

ActiveListed Apr 9, 2026 · 137 days on market

Key facts

Living area
2,448 sqft
Lot
0.69 acres
Year built
1970
Type
Commercial Sale · Mixed Use
MLS #
22094463
County
Johnson
Total building area
2,448 sqft

About this home

Opportunity to own 2,448 Sq. Ft. Commercial Building on .68 acre lot directly behind Steak & Shake and Crane Bank directly of US 31 in Franklin. 10 Parking Spaces, recently painted, new flooring, fixtures, kitchenette and added Washer & dryer. Bring your business ideas! Zoned As Mixed Use Commercial which allows for many possibilities! See MXN Zoning Franklin for proposed businesses. Vacant & Immediate Possession is available!

Description provided by the listing brokerage.

Exterior

Roof
Asphalt
Parking and garage
Attached

Systems

Cooling
Central Air
Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Mix-Use: Community Center

Schools

Middle school
Franklin Community Middle School
High school
Franklin Community High School
School district
Franklin Community School Corp

Taxes

Estimated annual tax
$5,372 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,599per month, estimated
Principal and interest $2,011Property tax $448Insurance $140
20% · $79,800
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$399,000
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