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Medical/Retail Space Near New Development
For Sale
$2,350,000
Pending

1000 Us Highway 31 S, Greenwood, IN 46143

Combination medical and retail space near Greenwood's new "The Madison".

Property SizeContact for details
Lot Size1.53 Acres
Days on Market799

Property Features for 1000 Us Highway 31 S

General Information

Standard status Pending
Lot size 1.53 Acres
Listing Agency: CENTURY 21 Scheetz
Listed By: Mark Linder · License #RB14044403
Source: Exprealty
Added: Jun 21, 2024 Changed: Aug 21 Last Checked: Aug 26 at 12:36PM

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 CENTURY 21 Scheetz

Investment Insights

Based on property information with market context.

This property offers a combination of medical office and retail space in a visible location on U.S. 31, situated one block south of Smith Valley Rd. in Greenwood, Indiana. Greenwood is recognized as one of the fastest-growing areas within the Indy-Metro region. The property provides ample parking and signage opportunities. It is located blocks from "The Madison", a newly constructed $83 million development. "The Madison" features a design encompassing over 18,700 square feet, including over 400 private residences, shopping venues, and restaurants, marking it as the first of its kind in downtown Greenwood. The location is central to Greenwood's ongoing efforts to enhance its downtown area. This property presents a potential investment opportunity.

Key Highlights

  • Highly visible location on U.S. 31, near Smith Valley Rd.
  • Combination medical office and retail space.
  • Ample parking and signage available.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

517
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Combination medical and retail space near Greenwood's new "The Madison".
Where is this medical office space located?
The property is located at 1000 Us Highway 31 S Greenwood, IN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Highly visible location on U.S. 31, near Smith Valley Rd.; Combination medical office and retail space.; Ample parking and signage available.
More about this property
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