Two-Story Mixed-Use
For Sale
$325,000
100 E Main Street, Greenwood, IN 46143
Commercial Sale, Greenwood, IN
Property Size2,429 SF
Lot Size0.20 Acres
Price / SF$133.80
Days on Market92
Property Features for 100 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OT
Elementary school
Greensburg Elementary
Middle school
Greensburg Community Jr High
High school
Greensburg Community High School
Elementary school district
Greensburg Community Schools
Middle school district
Greensburg Community Schools
High school district
Greensburg Community Schools
Directions
GPS Friendly
Subdivision
4102 - Johnson - Pleasant
Standard status
Active
APN
410232014084000026
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Dungan Add Pt Lot 5
Tax Annual Amount
8610
Legal Description
Dungan Add Pt Lot 5
Utilities
Utilities
Natural Gas Available
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Teresa Harwood · License #RB14039040
(317) 883-7010
Added: Jul 14
Changed: Oct 8
Last Checked: Oct 13 at 2:06AM
MLS# 22107540
Copyright © 2026 Broker Listing Cooperative®. 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 two-story mixed-use property contains approximately 2,429 square feet on a 0.2-acre site. Renovation work is underway, leaving the interior for completion. The second floor offers additional area, and four parking spaces are available on site. The property is zoned OT, with natural gas available.
At 100 E Main Street, the building occupies a corner in downtown Greenwood. Access is available to I-65, US 31, and Emerson Avenue. Potential concepts cited for the property include office, retail, restaurant, boutique, and mixed-use applications.
At 100 E Main Street, the building occupies a corner in downtown Greenwood. Access is available to I-65, US 31, and Emerson Avenue. Potential concepts cited for the property include office, retail, restaurant, boutique, and mixed-use applications.
Key Highlights
- Approximately 2,429 square feet on a 0.2‑acre site
- Two‑story building with additional upper‑level area
- Four on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,140
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,800
$502.8K
Cap Rate 7%
$359,143
$359.1K
Cap Rate 9%
$279,333
$279.3K
Market Conditions
NOI Build-Up for 2,429 SF
Gross rent
$43.7K $18.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$40.2K $16.56/SF
− OpEx
−$15.1K −$6.21/SF
NOI
$25.1K $10.35/SF
Area
Johnson County, IN
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,800
Cap Rate 7%
$359,143
Cap Rate 9%
$279,333
Alternative Uses
Best Use
Mixed Use
$359.1K
$314.3K – $419.0K
NOI $25,140 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovation work has started, and the upper level adds space for office or storage use.
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 on a 0.2‑acre site; Two‑story building with additional upper‑level area; Four on‑site parking spaces
