Two-Story Mixed-Use
For Sale
$325,000
100 E Main Street, Greenwood, IN 46143
Renovation work is underway, with potential configurations for office, retail, restaurant, or combined uses.
Property Size2,429 SF
Price / SF$133.80
Days on Market103
Property Features for 100 E Main Street
General Information
Standard status
Active
Size
2,429 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
OT
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Asking Price
$350,000
Building Details
Building Size
2,429 SF
Buildings
1
Stories
2
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Jul 14
Changed: Oct 22
Last Checked: Oct 24 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Batts Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains approximately 2,429 square feet, with renovation work already underway. The layout includes a second-floor area that can serve office or storage functions, or provide room for expansion. The property is presented as suitable for office, retail, restaurant, boutique, or mixed-use concepts.
Four on-site parking spaces are available. The property is in downtown Greenwood’s Riverfront District, with access to I-65, US 31, and Emerson Avenue.
Four on-site parking spaces are available. The property is in downtown Greenwood’s Riverfront District, with access to I-65, US 31, and Emerson Avenue.
Key Highlights
- Approximately 2,429 square feet across two stories
- Renovation work has begun
- Four on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,565
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,300
$531.3K
Cap Rate 7%
$379,500
$379.5K
Cap Rate 9%
$295,167
$295.2K
Market Conditions
NOI Build-Up for 2,429 SF
Gross rent
$40.8K $16.80/SF
− Vacancy
−$2.9K −$1.18/SF
EGI
$38.0K $15.62/SF
− OpEx
−$11.4K −$4.69/SF
NOI
$26.6K $10.94/SF
Area
Johnson County, IN
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,300
Cap Rate 7%
$379,500
Cap Rate 9%
$295,167
Alternative Uses
Best Use
Retail
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 8.17%
Second Best
Mixed Use
$359.1K
$314.3K – $419.0K
NOI $25,140 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,848 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 22%
Electronics 20%
Dunkin' Donuts
Dining
10,807 visits/mo
0.4 miles
Conoco
Shops & Services
5,558 visits/mo
0.4 miles
Little Caesars Pizza
Dining
4,634 visits/mo
0.5 miles
AT&T
Electronics
2,771 visits/mo
0.5 miles
Verizon
Electronics
1,531 visits/mo
0.5 miles
Demographics for 46143, IN
62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovation work is underway, with potential configurations for office, retail, restaurant, or combined uses.
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 $325,000.
What are key features of this property?
This property features: Approximately 2,429 square feet across two stories; Renovation work has begun; Four on‑site parking spaces
