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Freestanding Retail with Open Layout

105 S Madison Avenue Greenwood, IN 46142

105 S Madison Avenue, Greenwood, IN, 46142
$4,285/Mo
For Lease
Claim this Listing
$4,285/Mo $23 SF/Yr (calc)

COMMERCIAL - Greenwood, IN

Property Size2,236 SF
Lot Size0.37 Acres
AddedMay 18
Days on Market59
Last RefreshJul 15 at 8:06 am

Property Features for 105 S Madison Avenue

General Information

Property type
Commercial Lease
Property subtype
Retail
Zoning
OT
Standard status
Active
APN
410232013110000026
Lot size
0.37 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
John B Dobbins Add Lot 16 & Pt Lot 17 W 1/2 Ne 1/4 S32 T14 R4

Listing agent Shelly Johnson License #RB14043056

Listing office Keller Williams Indy Metro S N Emerson Ave Ste 300 48, Greenwood, IN

Listing date May 18, 2026

MLS# 22102672

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.


Investment Insights

Based on property information with market context.

This freestanding retail property offers a spacious 32' x 28' open area designed for flexible layouts, supported by two restrooms. The building includes ample on-site parking for customers and staff, making it straightforward for day-to-day operations and customer access.

The property is located at 105 S Madison Avenue in Greenwood, positioned in the heart of Old Greenwood. The site is described as highly visible and in a highly walkable area surrounded by local businesses and neighborhood traffic.

The available space is suited to a variety of concepts under the flexible OT zoning, including a diner, boutique retail, cafe, office, or service-based business. For budgeting, note that an additional NNN fee of $4.30 per square foot applies.

Key Highlights

  • Highly visible, freestanding retail building in the heart of Old Greenwood.
  • Flexible OT zoning suitable for a variety of businesses.
  • Spacious 2,236 SF with a large 32' x 28' open area.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Walt's Barber Shop,Inc Barber Shop

Suggested Use

Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Freestanding retail opportunity with a large open area, two restrooms, and flexible OT zoning for a range of business uses.
Where is this retail space located?
The property is located at 105 S Madison Avenue Greenwood, IN.
What is the lease rate?
The lease rate is $4,285 /Mo.
What are key features of this property?
This property features: Highly visible, freestanding retail building in the heart of Old Greenwood.; Flexible OT zoning suitable for a variety of businesses.; Spacious 2,236 SF with a large 32' x 28' open area.
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