1,575 sqft

$415,000

550 W Walnut Street, Frankfort IN, 46041

Price per sqft$263.49

Built in1996

Property size1,575 sqft

Property typeCommercial

Courtesy of AXEN Realty LLC, Kathy Zamora Listing Contact:

Overview

Active

Listed Feb 4, 2026

Updated Jun 10

Turnkey Commercial building + Vacant Lot in Prime Frankfort Location!Excellent investment or owner-user opportunity! Updated commercial building originally built for a salon. New roof (2024), facia, A/C (2025), bathroom upgrades, and newer flooring throughout. 4 foot Crawl space. Includes adjacent vacant lot offering room for expansion, additional parking, building perfect to add a drive through access or new development. Great visibility on W. Walnut St. with strong traffic flow. Low-maintenance property with immediate income or redevelopment potential. Property is sold as a package with neighboring lot 506 W Walnut St. listed at MLS# 22082394 for lot pictures and listing information.

Additional information

MLS^® ID: 22082405

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.15 Acres

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