Historic Downtown Franklin Investment Opportunity
REAL ESTATE AUCTION
Saturday, November 1st, 2025 at 10:00 AM
Property Highlights
Address: 356 N Main Street, Franklin, IN 46131
Property Type: Historic American Foursquare (Built 1876)
Bedrooms: 3 | Bathrooms: 1 Full, 1 Half
Total Square Footage: 1,808 sq ft (Main & Upper)
Lot Size: 5,184 sq ft (0.12 acres)
Opening Bid: $75,000
Prime Downtown Location
Located in the heart of Historic Downtown Franklin, this property offers an unbeatable location just steps from Franklin's vibrant shopping, dining, and entertainment district. Walk to boutique shops, craft breweries, the Historic Artcraft Theatre, and dozens of locally-owned restaurants that make Franklin one of Central Indiana's most desirable communities.
Investor's Dream Canvas
This is a rare opportunity to own a classic American Foursquare in one of Johnson County's fastest-growing downtowns. The property showcases timeless architectural details including a welcoming covered front porch with white railings, distinctive dormer windows, and solid bones that have stood strong since 1876. The main level has been gutted to the studs, providing a blank canvas for your creative vision.
Architectural Features:
Classic American Foursquare design with Prairie Style influences
Characteristic wide eaves and hip roof with dormer
Inviting covered front porch - perfect for watching downtown life
Original architectural integrity and period charm
Solid structure ready for modern updates
Investment Features:
Main level stripped to studs - design your ideal floor plan
Upper level with 3 bedrooms and original hardwood flooring
2-story structure with 2,576 total square feet
Detached 3-car garage (720 sq ft) - perfect for workshop or storage
Basement with 768 sq ft of additional space
Living room fireplace adds character and charm
Corner lot location on East Jefferson Street
Market Opportunity
Franklin's real estate market is thriving with median home prices at $280,000 and rising. The downtown area is experiencing revitalization with new businesses, restaurants, and community events drawing residents and visitors year-round. With Franklin just 25 miles south of Indianapolis (30-minute commute), demand for downtown properties continues to grow.
Location Benefits:
Walking distance to all downtown amenities
Access to Franklin's Historic Greenway Trail system
Top-rated Franklin Community School Corporation
Monthly First Friday events and seasonal festivals
Growing professional and creative community
Strong rental market for investors
Property Details
Legal Description: Kings 5th Add N 1/2 Lot 2 Mp Franklin Community
Tax ID: 410814031093000009
Annual Taxes: $2,236 (2024)
Zoning: Residential
Utilities: Municipal water and sewer connected, forced air heating, central electric cooling
Room Dimensions:
Living Room: 22' x 15' (Main Level)
Dining Room: 15' x 15' (Main Level)
Kitchen: 10' x 10' (Main Level)
Primary Bedroom: 15' x 15' (Upper Level - Hardwood)
Bedroom 2: 10' x 12' (Upper Level - Carpet)
Bedroom 3: 10' x 10' (Upper Level - Carpet)
Office: 20' x 8' (Main Level)
Why Buy at Auction?
Auctions create urgency, transparency, and fair market value. No contingencies, no prolonged negotiations—just a straightforward path to ownership. This is your opportunity to acquire a high-potential property in one of Central Indiana's most desirable historic downtowns at absolute auction.
Personal Property Also Available
In addition to the real estate, this auction will feature personal property items. Details of personal property to be announced. This is a complete estate liquidation opportunity - everything must go!
Auction Information
Date: Saturday, November 1st, 2025
Time: 10:00 AM
Real Estate Sells: 10:00 AM Sharp
Personal Property: Following real estate sale
Location: On-site at 356 N Main Street, Franklin, IN
Terms: Real Estate - $10,000 down day of auction, balance due at closing within 30 days
Inspection: Property available for viewing by appointment
About Franklin, Indiana
Franklin combines small-town charm with modern amenities and big-city access. The historic downtown features beautifully preserved Victorian architecture, the stunning Johnson County Courthouse (built 1879-1881), and a thriving arts and culture scene. With excellent schools, year-round community events, and a strategic location on I-65, Franklin offers the perfect balance of tradition and opportunity.
Don't Miss This Opportunity
Properties in downtown Franklin rarely come to auction. This is your chance to invest in a community that's growing, a location that's unbeatable, and a property with unlimited potential. Bring your vision, creativity, and contractor—instant equity awaits!
Contact Information:
Burgess Auctions
765-445-7814
[email protected]
www.burgessauctions.com
Trusted Auctions, Timeless Results.
Listing Courtesy of: J. Snider Real Estate
317-507-7692
MLS ID: 22064282
All information deemed reliable but not guaranteed. Buyers should conduct their own due diligence. Property sold "as-is, where-is" with no warranties expressed or implied.