Vacant Residential Lot and Updated Commercial Building in Frankfort, IN Rare opportunity to own a residential lot at 506 W Walnut St alongside an updated commercial property at 550 W Walnut St. The vacant lot offers potential for residential build, parking, or expansion (subject to zoning). The adjoining building is currently used as a salon with new roof, A/C, and modern finishes. Together, these parcels provide flexibility for live/work, mixed-use, or investment possibilities in a convenient, high-visibility location.