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103 N Washington Street

Frankton, IN 46044

ActiveListed Jul 16, 2026 · 100 days on market

Key facts

Living area
4,548 sqft
Lot
0.2 acres
Year built
1982
Type
Commercial Sale · Retail
MLS #
22114021
County
Madison
Total building area
4,548 sqft

About this home

Unique commercial opportunity! This property is zoned IS (Institutional & Social), allowing a variety of potential uses including a church, daycare, school, medical clinic, professional counseling services, community center, government offices, educational facility, and other institutional uses. Buyers should verify their intended use with the Town of Frankton. 4,600 sq ft building on approximately 1 acre. The North Wing of the building is 96x36 and the South Wing is 26x42. Excellent opportunity with endless potential!! Property has recently undergone approximately $40,000 in Exterior and HVAC upgrades. Includes: 2 new furnaces, 2 new a/c units, fully insulated, heated and cooled, 3 separate thermostat-controlled zones. 10 total rooms, 3 bathrooms, including 1 handicap-accessible restroom. Full kitchen with commercial flat-top grill, cook stove, and oven. Multiple office spaces and 3 separate entrances.

Description provided by the listing brokerage.

Exterior

Roof
Metal
Parking and garage
On Street

Systems

Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
IS Institutional & Social

Schools

School district
Frankton-Lapel Community Schools

Taxes

Tax year
2025

Estimate your monthly payment

$1,369per month, estimated
Principal and interest $1,108Property tax $183Insurance $77
20% · $43,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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$219,900
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