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1276 US Hwy 31 N 22,072 SF Retail Building Greenwood, IN 46142 $2,495,625 ($113.07/SF) 8% Cap Rate
Investment Highlights
- Located on primary retail trade area of Greenwood
- Over 36,000 VPD on US 31
Executive Summary
Freestanding building occupied by Office Depot in the primary retail trade area of Greenwood. The property offers excellent visibility along US 31, with traffic counts exceeding 36,000 VPD, and is strategically located directly across from Greenwood Park Mall (Simon-owned).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
22,072 SF
Building Class
C
Year Built/Renovated
1988/1999
Price
$2,495,625
Price Per SF
$113.07
Cap Rate
8%
NOI
$199,650
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.20
Lot Size
2.56 AC
Zoning
C - Commercial
Parking
145 Spaces (6.57 Spaces per 1,000 SF Leased)
Frontage
230’ on Us Hwy 31 N
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-02-30-012-005.000-026 | Improvements Assessment | $924,000 |
| Land Assessment | $713,200 | Total Assessment | $1,637,200 |
Property Taxes
Parcel Number
41-02-30-012-005.000-026
Land Assessment
$713,200
Improvements Assessment
$924,000
Total Assessment
$1,637,200
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