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  • Price$495,000
  • Acres5.70
  • Built1942

3522 S Us Highway 31 Road, Franklin

Outstanding INVESTMENT Opportunity on Busy US 31 in Franklin on 5.7 Acre Lot. "Desperation Depot" Bar & Grill along w MOTEL (8 units) & 2story Home (duplex). Property generates over $100,000/year in rent. Owner selling only because of relocating out-of-state. Motel Units are remodeled and in great shape. Laundry onsite. Bar w/ Apartment Above & Has New Siding & Roof. Motel w/ New Wiring/Plumbing & New Roof. Leases are renewing in November, 2018. Bar lessor pays $1600/month. $165 x 4 units/week - $175 x 4 units/week. Owner Pays Utilities. Great highway visibility and location.

Essential Information

  • BLC® #21603006
  • Price$495,000
  • Bathrooms0.00
  • Acres5.70
  • Year Built1942
  • TypeCommercial
  • Sub-TypeRetail
  • StatusActive

Exterior

  • Roofshingle
  • Constructionwood & brick

Listing Details

  • Listing OfficeJeff Paxson Team

Community Information

  • Address3522 S Us Highway 31 Road
  • AreaJohnson - Blue River
  • CityFranklin
  • CountyJohnson
  • StateIN
  • Zip Code46131

Additional Information

  • Date ListedOctober 18th, 2018
  • Days on Market367
  • Zoningbus

Price Change History for 3522 S Us Highway 31 Road, Franklin, IN (BLC® #21603006)

Date Details Change
Price Reduced from $525,000 to $495,000 $30,000 (5.71%)
Price Reduced from $550,000 to $525,000 $25,000 (4.55%)
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Listing information last updated on October 20th, 2019 at 8:54am CDT.