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
- Parking and garage
Systems
- Utilities
Lot and HOA
- Zoning
- IS Institutional & Social
Schools
- School district
- Frankton-Lapel Community Schools
Taxes
- Tax year
- 2025
Estimate your monthly payment
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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