640 S Madison Ave - Storefront Retail/Office FOR SALE


Greenwood, IN 46142- Southside Indianapolis
$1,250,000 USD
317-514-6275
640 S Madison Ave, Greenwood, IN for Sale
$1,250,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

640 S Madison Ave
Greenwood, IN 46142
Southside Indianapolis


HIGHLIGHTS

  • Near the Madison which features over 18,000 sq ft of retail space and 400 luxury condominiums, townhomes and apartments
  • Walking distance to the new Greenwood Fieldhouse
  • Busy traffic intersection of US 31 South and Smith Valley Road
  • approximately two miles from I-65

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

41-02-32-043-047.004-026

ASK ABOUT THIS PROPERTY

Mark LinderCentury 21 ScheetzMore Info
317-514-6275

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Mark LinderCentury 21 ScheetzMore Info
317-514-6275

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