Contacts
Kaleb Rupp
Encore Real Estate Investment Services
Property Details
- Property Type Retail - Street Retail
- Property Size 12,500 SF
- Property Tenancy Single Tenant
- Year Built 1964
- Year Renovated 2021
- Date Updated May 15, 2026
Frankfort, Indiana is a stable Midwestern city serving as the county seat of Clinton County,
located roughly 45 miles north of Indianapolis along the US-421 corridor. With a
population of about 16,000, Frankfort functions as a regional hub for government services,
healthcare, and light manufacturing. Its central Indiana location provides efficient access
to larger metros like Lafayette, Kokomo, and Indianapolis, supporting commuter traffic and
regional commerce.
The local economy is anchored by manufacturing, agriculture, healthcare, and logistics,
with major employers including Frito-Lay (PepsiCo), Conagra Brands, and Clinton County
government. Frankfort also benefits from a steady workforce pipeline tied to nearby
colleges and vocational programs in the greater Lafayette region. This employment base
contributes to relatively low vacancy levels in essential retail and service-oriented real
estate.
From a real estate and investment perspective, Frankfort offers affordable entry pricing,
consistent local demand, and limited new supply, which helps support stable occupancy
and predictable cash flow. Retail corridors along US-421 and SR-28 capture both local and
pass-through traffic, making the market particularly attractive for net-lease, necessity
based retail, and service tenants. Overall, Frankfort presents a lower-volatility, income
focused investment environment typical of well-positioned secondary Midwest markets.2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building
Below Market Rents of just $10.35 Per Square Foot
Located in a Dense Traffic Area with Over 14,000 VPD Reported on E. Walnut | Over
15,000 VPD Reported on Wabash
Multiple Access Points | Plenty of Parking with over 50 Surface Level Spaces
Located Near National Tenants such as Dollar General, Jackson Hewitt, Verizon
Wireless, Allstate and Walmart
Strong Community Integration with Goodwill’s nonprofit model tied to local
employment and social programs
Frankfort is the county seat of Clinton County, which provides a consistent
employment base from government offices, courts, schools, and regional healthcare
facilities
Regional Connectivity | Located along State Road 28, with convenient access to
Lafayette and the Greater Indianapolis metro
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- 2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building
- Below Market Rents of just $10.35 Per Square Foot
- Frankfort is the county seat of Clinton County, which provides a consistent employment base from government offices, courts, schools, and regional healthcare facilities
- Located in a Dense Traffic Area with Over 14,000 VPD Reported on E. Walnut | Over 15,000 VPD Reported on Wabash
- Located Near National Tenants such as Dollar General, Jackson Hewitt, Verizon Wireless, Allstate and Walmart
- Multiple Access Points | Plenty of Parking with over 50 Surface Level Spaces
- Regional Connectivity | Located along State Road 28, with convenient access to Lafayette and the Greater Indianapolis metro
- Strong Community Integration with Goodwill’s nonprofit model tied to local employment and social programs
Getting around
-
48/100
Walk Score ®
-
47/100
Bike Score ®
Powered by Walk Score ®
Location
- City Frankfort, IN
- Neighborhood Frankfort
- Zip Code 46041
- Market Lafayette
Points of Interest
-
Shell
0.16 miles
-
Marathon
0.20 miles
-
Speedway
0.32 miles
-
Bob's Mart
5.25 miles
-
BP
8.56 miles
-
Valero
9.36 miles
-
KFC
0.14 miles
-
McDonald's
0.17 miles
-
Wendy's
0.23 miles
-
Pizza Hut
0.27 miles
-
Taco Bell
0.51 miles
-
Pepe's
1.10 miles
-
Ruler Foods
0.36 miles
-
ALDI
0.57 miles
-
Walmart Supercenter
0.64 miles
-
IGA
1.53 miles
Contact Listing Broker
Kaleb Rupp
Encore Real Estate Investment Services