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137 S Madison Ave 5,882 SF Retail Building Greenwood, IN 46142 $1,800,000 ($306.02/SF)

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Executive Summary

Prime street retail opportunity in the heart of Old Town Greenwood! This flexible commercial space is currently occupied as a restaurant / bar and can accommodate a wide range of retail or service uses. Interior features include a large 34' x 18' bar room, a secondary 48' x 34' room that can serve as additional retail space or dining Restaurant infrastructure remains in place, including an 18' x 18' walk-in cooler, a hood system, and multiple prep stations, all furniture and kitchen equipment included! Two ADA restrooms, outdoor seating and nearby public parking support strong customer access. Excellent visibility and frontage along Greenwood's busy corridor. Liquor license available.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,882 SF
Building Class
C
Year Built/Renovated
1910/2020
Price
$1,800,000
Price Per SF
$306.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.23 AC
Zoning
OT - Old Town Greenwood
Parking
1 Spaces (0.17 Spaces per 1,000 SF Leased)
Frontage
28’ on S Madison Ave
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

PNC Bank
Steak ‘n Shake
Centier Bank
Horizon Bank
Biggby Coffee
Buca Di Beppo

Property Taxes

Property Taxes

Parcel Number
41-02-32-013-104.000-026
Land Assessment
$116,700
Improvements Assessment
$560,800
Total Assessment
$677,500
  • Listing ID: 38653262

  • Date on Market: 12/4/2025

  • Last Updated:

  • Address: 137 S Madison Ave, Greenwood, IN 46142

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