Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    421 N State St Greenfield, IN 46140

    For Sale
    $340,000

    Mixed Use - Greenfield, IN

    Type:Mixed Use
    Property size:
    2,528 SF
    Lot size:
    0.31 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 421 N State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    TN Zoning
    APN
    300732403044001009
    Size
    2,528 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Roof type
    Metal
    Architectural style
    Other

    REAL BROKER, LLC (317) 614-5445 [email protected]

    Listing agent Staci Ziegler (317) 794-2827 License #RB18001837

    Listing date Nov 22, 2025

    MLS# 22025106 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Investment Opportunity

    This mixed-use property is located in Greenfield, Indiana, and offers a commercial space currently used as a hair salon, along with two recently updated apartments that are tenant-occupied. The property is zoned for light commercial use, offering multiple business possibilities. A new metal roof and water heater have been installed. Paved parking is available with handicap access from the rear lot. The lot size is 0.31 acres. The property has a total size of 2528 square feet. The location offers high visibility on State Rd. 9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.769254
    Latitude
    39.789404

    Nearby Similar for Sale

    • $309,000
      0.24 Acres

      Renovated Duplex in Greenfield, IN

      Fully furnished, renovated duplex in a convenient Greenfield location.
      518 N State St, Greenfield, IN 46140
      View Details
    • $340,000
      0.31 Acres

      Greenfield Triplex Investment Opportunity

      Commercial space and two updated apartments in a high-visibility location.
      421 N State St, Greenfield, IN 46140
      View Details
    • $359,400
      0.17 Acres

      Restored Duplex in Greenfield, Indiana

      Restored duplex in prime location near downtown Greenfield attractions.
      433 W Main St, Greenfield, IN 46140
      View Details
    • $160,000
      0.14 Acres

      Greenfield Duplex: Investment Opportunity

      Duplex in Greenfield, Indiana, with income potential and renovation opportunity.
      507 S Pennsylvania St, Greenfield, IN 46140
      View Details
    • $4,500,000
      39,097 SF

      Greenfield Shopping Center with Auto Repair

      Well-known shopping center with auto repair shop on 5.1 acres.
      1244 W Main St, Greenfield, IN 46140
      View Details
    • $789,000

      Greenfield Commercial Property with Living

      Versatile commercial property with office, living space, and barns.
      3542 W Us Highway 40, Greenfield, IN 46140
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with commercial space and updated apartments in Greenfield.
    Where is this mixed-use property located?
    The property is located at 421 N State St Greenfield, IN.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - High-visibility location on State Rd. 9, ideal for business.; - Versatile property with commercial space and two updated, tenant-occupied apartments.; - Zoned for light commercial use, offering multiple business possibilities.
    (317) 794-2827
    Request Owner's contact information
    421 N State St Greenfield, IN 46140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    421 N State St
    Greenfield, IN 46140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 N State St Greenfield, IN 46140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.