1860 DELPHI AVENUE Frankfort, IN 46041-7837

SEE ASSOCIATED DOCUMENTS FOR COMPLETE REMARKS - INVESTMENT OPPORTUNITY !! – Check out this commercial property at the north edge of town. 257' of frontage on Delphi Avenue (N. State Road 75). 3 car (40x26) garage. The big building is 2 buildings with total approx. 120x40. North part of building (57x39) in poor condition and is deemed unsafe to enter. South part of building (63x41) is pole construction and appears to be okay. Area Plan has given notice that the buildings need to be removed. Not within city limits, so it is not on city water or city sewer. They are available at about 340 ft. south of the property. The cost to get there and hook-up is the buyer's expense which would have to be worked out with Frankfort Municipal Utilities and the homeowner to the south. There are known buried petroleum tanks, but the location and condition is not known. The tanks have not been used in over 30 years. The real estate taxes for 2019 pay 2020 will be substantially lower, because a dwelling was removed in late 2018. The 2018 pay 2019 taxes are with the building, but the 2019 pay 2020 taxes will be without the building. North half of the property is zoned B-3, the south half is zoned R-2. The north property line appears to be at the north end of the building, so the north drive does not appear to be on this property.