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Professional Office Suite
For Lease
$5,000/Mo

1021 1023 Indianapolis, Greencastle, IN 46135

Commercial workspace is located next door to Hendricks Regional Health.

Space Size4,350 SF
Days on Market48

Property Features for 1021 1023 Indianapolis

General Information

Standard status Active
Size 4,350 SF
Net Rentable 4,350 SF
Property subtype Commercial
Zoning Z001

Space & Availability

Available Space 4,350 SF
Contiguous Space 4,350 SF
Space Use Office
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Sep 11 Changed: Oct 25 Last Checked: Oct 28 at 4:39AM

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 Bif Ward Real Estate Group

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Investment Insights

Based on property information with market context.

Approximately 4,350 square feet of office space is available for lease in a versatile suite. The property is suited to professional or administrative office use and may accommodate multiple uses. Zoning is designated Z001, and the suite is positioned next door to Hendricks Regional Health in Greencastle, Indiana.

Key Highlights

  • Approximately 4,350 square feet of office space
  • Next door to Hendricks Regional Health
  • Suitable for professional or administrative office use

Property Analytics

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Open Analytics

Current Use

Rescued Treasures Thrift ... Discount Store Wabash Valley Goodwill Discount Store Greencastle Plaza Shopping Center & Mall

Suggested Use

Top Pick Law Firm Building Supply Parking Lot & Garage HVAC Service Electrical Service Garden Center

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

Lease Details

NNN (Triple Net)
Lease Type
$2.07 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Greencastle, IN

$11.04 /SF/Yr
Avg Asking Price
$1.23–$15 /SF/Yr
Price Range
3,783 SF
Avg Space Size

This space is priced 25% above the average of $11.04 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Commercial workspace is located next door to Hendricks Regional Health.
Where is this office unit located?
The property is located at 1021 1023 Indianapolis Greencastle, IN.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Approximately 4,350 square feet of office space; Next door to Hendricks Regional Health; Suitable for professional or administrative office use
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Includes: Price & PSF · Cap rate · Location · Zoning

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