645 N US Highway 31 - Freestanding FOR SALE


Greenwood, IN 46142- Southside Indianapolis
$3,500,000 USD
317-607-0884
645 N US Highway 31, Greenwood, IN for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

NEW


645 N US Highway 31
Greenwood, IN 46142
Southside Indianapolis


HIGHLIGHTS

  • Spacious lighting retail showroom
  • Extensive warehouse with mezzanine storage

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C-L

APN/PARCEL ID

41-02-29-032-012.999-026,41-02-29-033-012.000-026

ASK ABOUT THIS PROPERTY

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

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

Sharon ThompsonKW Commercial IndianaMore Info
317-607-0884

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