Greenwood Mixed-Use Redevelopment
100 E Main Street, Greenwood, IN 46143
Mixed Use - Greenwood, IN
Type:Mixed Use
Property size:
2,429 SFLot size:
0.20 AcresPrice / SF:
$144/SF- Added:
- Sep 2, 2025
- Days on Market:
- 263
- Last Refresh:
- May 22 at 8:06 am
Property Features for 100 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- Commercial River District
- Standard status
- Active
- APN
- 410232014084000026
- Size
- 2,429 SF
- Lot size
- 0.20 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Sam Gorall License #RB20001579 (317) 882-5900
Listing office Keller Williams Indy Metro S N Emerson Ave Ste 300, Greenwood, IN (317) 882-5900
Listing date Sep 2, 2025
MLS# 22060384
Listing URL
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Riverfront District Zoning: Offers a wide range of permitted uses, including potential for a liquor license.
- Prime Location: Walkable to Old Town Greenwood's shops, dining, and community amenities.
- High Visibility: Benefits from strong traffic counts and excellent frontage on East Main Street.
- Redeveloping Area: Located in Greenwood's growing Old Town corridor, benefiting from city investments.
- Accessibility: Easy connection to I‑65 and US‑31.
- Value‑Add Potential: Property requires renovations, presenting an opportunity for repositioning.
Overview
This mixed-use property is located in Greenwood's growing and redeveloping Old Town corridor. The property benefits from Commercial River District zoning, allowing for a wide range of permitted uses, including potential for a liquor license. Situated in a walkable location, it is just 5 minutes from Old Town Greenwood's shops, dining, and community hub. The property offers high visibility with strong traffic counts and excellent frontage along East Main Street, as well as great accessibility with an easy connection to I-65 and US-31. The property, containing 2,429 square feet on a 0.2-acre lot, requires renovations, presenting a value-add potential for repositioning. This location provides an opportunity to launch or expand in a lively district where the city is investing heavily in streetscapes, public spaces, and infrastructure. It represents a strategic acquisition with the ability to reposition the property into a high-demand asset within a rapidly developing submarket. This property is well-positioned to become a cornerstone of the district's future growth.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$295.2K
NOI $26,565 @ 9.00% cap · cautious / downside scenario
Moderate
$379.5K
NOI $26,565 @ 7.00% cap · market / base-case scenario
Aggressive
$531.3K
NOI $26,565 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $16.80 |
| − Vacancy | −$2.9k | −$1.18 |
| EGI | $38.0k | $15.62 |
| − OpEx | −$11.4k | −$4.69 |
| NOI | $26.6k | $10.94 |
2,429 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 7.59%
Second Best
Mixed Use
$359.1K
$314.3K – $419.0K
NOI $25,140 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,848 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Home Quest Realty
Real Estate Agency
Brentridge Estates HOA
Association / Organization
Crystal Bay Co-Owners ...
Property Management Company
Computer Talk
Computer & Electronic Repair
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.107401
- Latitude
- 39.61405
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Greenwood's revitalizing Old Town corridor.
Where is this mixed-use property located?
The property is located at 100 E Main Street Greenwood, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Riverfront District Zoning: Offers a wide range of permitted uses, including potential for a liquor license.; Prime Location: Walkable to Old Town Greenwood's shops, dining, and community amenities.; High Visibility: Benefits from strong traffic counts and excellent frontage on East Main Street.
