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645 N US Highway 31 19,500 SF Retail Building Greenwood, IN 46142 $3,500,000 ($179.49/SF)
Investment Highlights
- Spacious lighting retail showroom
- Extensive warehouse with mezzanine storage
Executive Summary
Rare opportunity to acquire a high visibility commercial retail building with warehouse along Greenwood’s high-traffic US 31 corridor.
This ±19,500 SF commercial property sits on approximately 1.13 acres and provides stable cash flow from two established tenants. Built in 1980, this retail building has a spacious lighting retail showroom plus extensive warehouse with mezzanine storage, ideal for serving Greenwood and the greater Indianapolis market. Ohio based Gross Lighting and Home currently leases 14,320 sf while Indiana Brazilian Jiu Jitsu Academy occupies 5000 sf of front retail space. Great opportunity for stable asset now with potential for future growth.
This ±19,500 SF commercial property sits on approximately 1.13 acres and provides stable cash flow from two established tenants. Built in 1980, this retail building has a spacious lighting retail showroom plus extensive warehouse with mezzanine storage, ideal for serving Greenwood and the greater Indianapolis market. Ohio based Gross Lighting and Home currently leases 14,320 sf while Indiana Brazilian Jiu Jitsu Academy occupies 5000 sf of front retail space. Great opportunity for stable asset now with potential for future growth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,500 SF
Building Class
C
Year Built
1980
Price
$3,500,000
Price Per SF
$179.49
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.40
Lot Size
1.13 AC
Zoning
C-L - Commercial Large
Parking
30 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
170’ on N Us-31
Amenities
- Mezzanine
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Gross Lighting and Home
- -
- 14,320 SF
- -
- -
- Indiana Brazilian Jiu Jitsu Academy
- -
- 5,000 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gross Lighting and Home | - | 14,320 SF | - | - | ||
| Indiana Brazilian Jiu Jitsu Academy | - | 5,000 SF | - | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-02-29-033-012.000-026 | Improvements Assessment | $352,600 |
| Land Assessment | $457,700 | Total Assessment | $810,300 |
Property Taxes
Parcel Number
41-02-29-033-012.000-026
Land Assessment
$457,700
Improvements Assessment
$352,600
Total Assessment
$810,300
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645 N US Highway 31
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