Commercial Building with Road
For Sale
$799,900
730 Fry Road, Greenwood, IN 46142
SINGLE_FAMILY - Greenwood, IN
Property Size5,405 SF
Lot Size0.57 Acres
Price / SF$147.99
Days on Market63
Property Features for 730 Fry Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
CL
Elementary school district
Greenwood Community Sch Corp
Middle school district
Greenwood Community Sch Corp
High school district
Greenwood Community Sch Corp
Directions
GPS Friendly
Subdivision
4102 - Johnson - Pleasant
Standard status
Active
APN
410230014004000026
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Ne 1/4 S30 T14 R4
Legal Description
Pt Ne 1/4 S30 T14 R4
Utilities
Utilities
Cable Available
Building Details
Year built
1980
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: May 29
Changed: Jun 16
Last Checked: Jul 30 at 6:06PM
MLS# 22105650
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 property features a 5,405-square-foot building on approximately 0.57 acres with approximately 120 feet of frontage along Fry Road. The site includes an existing parking lot and is served by convenient ingress and egress along Fry Road. The property was most recently operated as a daycare facility, with a functional layout that can support childcare and educational uses as well as medical, professional office, retail, wellness, or other commercial applications. Zoning is listed as CL.
Located at 730 Fry Road in Greenwood, IN, the property is positioned on one of Greenwood’s primary east-west corridors. The listing notes more than 16,000 vehicles passing the site daily, supporting strong visibility for retail and service-oriented tenants. The area includes established residential neighborhoods, schools, retail centers, and growing commercial development, with access described to State Road 135, U.S. 31, and Interstate 65.
For users seeking an accessible, high-visibility site with an existing improvement and parking, this building offers a straightforward platform for many neighborhood-serving concepts, including daycare and education, medical or professional office, and service retail or wellness. The prior operating configuration may be beneficial for comparable uses, while the overall site setup supports customer and employee access from Fry Road.
Located at 730 Fry Road in Greenwood, IN, the property is positioned on one of Greenwood’s primary east-west corridors. The listing notes more than 16,000 vehicles passing the site daily, supporting strong visibility for retail and service-oriented tenants. The area includes established residential neighborhoods, schools, retail centers, and growing commercial development, with access described to State Road 135, U.S. 31, and Interstate 65.
For users seeking an accessible, high-visibility site with an existing improvement and parking, this building offers a straightforward platform for many neighborhood-serving concepts, including daycare and education, medical or professional office, and service retail or wellness. The prior operating configuration may be beneficial for comparable uses, while the overall site setup supports customer and employee access from Fry Road.
Key Highlights
- 5,405 SF commercial building built in 1980 on approx. 0.57 acres
- 120 ft frontage along Fry Road with more than 16,000 vehicles passing daily
- Previously operated as a daycare facility with a functional layout suited to education or similar uses
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.0k | $19.80 |
| − Vacancy | −$16.1k | −$2.97 |
| EGI | $91.0k | $16.83 |
| − OpEx | −$22.7k | −$4.21 |
| NOI | $68.2k | $12.62 |
5,405 SF · lease $19.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$974.6K
$852.8K – $1.14M
NOI $68,225 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$920.5K
$805.4K – $1.07M
NOI $64,435 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,344 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46142, IN
32,052
Population
14,396
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,151
Density / Sq Mi
$85,611
Median Household Income
$47,831
Median Earnings
$1,122
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Kid City USA- South point — 8830 Southpointe Dr, Indianapolis, IN 46227
- Academy of Learning — 8830 Southpointe Dr, Indianapolis, IN 46227
- Madison KinderCare — 8829 Madison Ave, Indianapolis, IN 46227
- Celebrate Life Child Care Center — 730 Fry Rd, Greenwood, IN 46142
- Concordia Lutheran Preschool — 305 N, Howard Rd, Greenwood, IN 46142
Frequently Asked Questions
What type of property is this?
Day care center - Visible commercial building off Fry Road with substantial frontage, parking on-site, and flexible layout for multiple business uses.
Where is this day care center located?
The property is located at 730 Fry Road Greenwood, IN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 5,405 SF commercial building built in 1980 on approx. 0.57 acres; 120 ft frontage along Fry Road with more than 16,000 vehicles passing daily; Previously operated as a daycare facility with a functional layout suited to education or similar uses
