2 N Madison Ave - Loft/Creative Space FOR SALE


Greenwood, IN 46142- Southside Indianapolis
$2,950,000 USD
317-509-9480
2 N Madison Ave, Greenwood, IN for Sale
$2,950,000 USD
Loft/Creative Space - FOR SALE
1/42
null | 7.25% Cap Rate

2 N Madison Ave
Greenwood, IN 46142
Southside Indianapolis


HIGHLIGHTS

  • This building is close to everything. Initial lease terms for major tenants expire in mid to late 2030 with options to renew.

OVERVIEW

Positioned for long-term growth in Greenwood. Fully restored in 2016 with an additional $75,000 in capital improvements in 2025. 400 square feet is vacant for upside potential. Full basement for possible expansion of rentable square footage. The elevator and sprinkler system make this a treasure in this sub-market. Additional parking spaces secured on weekdays under a long-term lease with the City of Greenwood across Broadway St. All remote electronic access, security, fire, and HVAC controls. Financials and tenant leases provided to serious inquiries only. Reach out to Eric.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Greenwood Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Day Care Center, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C

APN/PARCEL ID

41-02-32-024-055.000-026,41-02-32-024-143.000-026

ASK ABOUT THIS PROPERTY

Eric HarveyRandy Faulkner & Associates, Inc.More Info
317-509-9480

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Eric HarveyRandy Faulkner & Associates, Inc.More Info
317-509-9480

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.