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  1. Commercial Properties
  2. IN
  3. Frankfort

Goodwill

For Sale

1950 E Walnut St, Frankfort, IN 46041

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

Key features

  • 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

Building Details

  • For Sale $2,352,000
  • Property Type Retail - Street Retail
  • Property Size 12,500 SF
  • Additional Rent Price on request
  • Property Tenancy Single Tenant
  • Year Built 1964
  • Year Renovated 2021
  • Date Updated Oct 19, 2026
Want more info on this listing?

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Contacts

broker
Kaleb Rupp

Encore Real Estate Investment Services

Location

  • City Frankfort, IN
  • Neighborhood Frankfort
  • Zip Code 46041
  • Market Lafayette
  • Map
  • Street
  • Walk score 48/100 Car-Dependent
  • Bike score 47/100 Somewhat Bikeable
Powered by Walk Score ®

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

Ruler Foods

0.36 miles

ALDI

0.57 miles

Walmart Supercenter

0.64 miles

IGA

1.53 miles

Listing Summary

  • Property Financials

    1950 E Walnut St is currently listed for sale at $2,352,000 for a price per square foot of $188.16.

  • Property Details

    1950 E Walnut St totals 12,500 square feet of Retail space. The property was initially built in 1964, being last renovated in 2021.

    Tenancy at 1950 E Walnut St is listed as Single Tenant.

  • Area Characteristics

    1950 E Walnut St is located in the Frankfort neighborhood.

    In terms of ease of commuting, the area has a walk score of 48, indicating that it is car-dependent.

Contact Kaleb Rupp
broker
Kaleb Rupp

Encore Real Estate Investment Services

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