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640 S Madison Ave 7,506 SF 100% Leased Retail Building Greenwood, IN 46142 $1,250,000 ($166.53/SF)
Investment Highlights
- Near the Madison which features over 18,000 sq ft of retail space and 400 luxury condominiums, townhomes and apartments
- Busy traffic intersection of US 31 South and Smith Valley Road
- Walking distance to the new Greenwood Fieldhouse
- approximately two miles from I-65
Executive Summary
7,506 sq ft Retail/Office located in the heart of downtown Greenwood. This prime location guarantees
street visibility, high foot traffic and maximum exposure. Property consists of two buildings: 1.) Main
building of 6,000 sq ft. and 2.) Freestanding 1,500 sq ft secondary building. Building 1 is at half capacity
and building 2 is currently fully leased until Nov 2030. Lit pylon signage is visible from the heavily traveled
US 31. Surrounded by other existing shops, restaurants, gas stations and more. This site is also
surrounded by "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for
downtown Greenwood and the new Greenwood Fieldhouse. The Madison features 18,700 square feet of
retail space, and over 400 luxury condominiums, townhomes and apartments. Don't miss out on this
lucrative and long-standing Investment Opportunity!
street visibility, high foot traffic and maximum exposure. Property consists of two buildings: 1.) Main
building of 6,000 sq ft. and 2.) Freestanding 1,500 sq ft secondary building. Building 1 is at half capacity
and building 2 is currently fully leased until Nov 2030. Lit pylon signage is visible from the heavily traveled
US 31. Surrounded by other existing shops, restaurants, gas stations and more. This site is also
surrounded by "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for
downtown Greenwood and the new Greenwood Fieldhouse. The Madison features 18,700 square feet of
retail space, and over 400 luxury condominiums, townhomes and apartments. Don't miss out on this
lucrative and long-standing Investment Opportunity!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,506 SF
Building Class
C
Year Built
1998
Price
$1,250,000
Price Per SF
$166.53
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.90 AC
Zoning
C-2
Parking
30 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NO Tires
- Wholesaler
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Scorpion Window Tint
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NO Tires | Wholesaler | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Scorpion Window Tint | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-02-32-043-047.004-026 | Improvements Assessment | $176,300 |
| Land Assessment | $263,300 | Total Assessment | $439,600 |
Property Taxes
Parcel Number
41-02-32-043-047.004-026
Land Assessment
$263,300
Improvements Assessment
$176,300
Total Assessment
$439,600
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640 S Madison Ave
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