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    221 Main St Greenwood, IN 46142

    For Sale
    $749,900

    Main Street retail w/upstairs office

    Property size:
    2,660 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2,660 square foot retail property is ideally situated on Main Street in the vibrant heart of Greenwood, Indiana's downtown area. Boasting excellent visibility and exposure, this building underwent a complete renovation in 2020, including a facade upgrade funded by a grant. The interior features exposed brick walls, a new roof, modern industrial HVAC ductwork, stylish vinyl plank flooring, new carpeting, and energy-efficient new windows. Upstairs, a newly remodeled kitchen and bathroom (complete with shower) offer versatile space. A large wooden rear deck adds outdoor appeal. The property is part of the Greenwood Waterfront District, a highly desirable location. Convenient parking is available within 200 feet. Currently housing a thriving coffee shop, the ground floor space benefits from a waterfront district liquor license that conveys with the sale. The upstairs area presents a unique opportunity

    Property Features for 221 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,660 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fresh Pots Coffee ... Coffee Shop American Construction & Excavating, ... General Contractor Old Town Caffeinery Coffee Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.10902
    Latitude
    39.61352

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    FAQs

    What type of property is this?
    Retail property - Main Street retail w/upstairs office
    Where is this retail property located?
    The property is located at 221 Main St Greenwood, IN.
    What is the asking price?
    The asking price for this property is $749,900.
    (317) 881-3700
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    221 Main St Greenwood, IN 46142
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    Greenwood, IN 46142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Main St Greenwood, IN 46142
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