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Freestanding Storefront with Open Area
For Lease
$4,000/Mo CAM $4.30 /USD/SF/YR

105 S Madison Avenue, Greenwood, IN 46142

COMMERCIAL - Greenwood, IN

Space Size2,236 SF
Lot Size0.37 Acres
Days on Market92

Property Features for 105 S Madison Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning OT
Elementary school district Greenwood Community Sch Corp
Middle school district Greenwood Community Sch Corp
High school district Greenwood Community Sch Corp
Directions GPS Friendly
Subdivision 4102 - Johnson - Pleasant
Standard status Active
APN 410232013110000026
Lot size 0.37 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description John B Dobbins Add Lot 16 & Pt Lot 17 W 1/2 Ne 1/4 S32 T14 R4
Legal Description John B Dobbins Add Lot 16 & Pt Lot 17 W 1/2 Ne 1/4 S32 T14 R4
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Shelly Johnson · License #RB14043056
Added: May 18 Changed: Aug 14 Last Checked: Aug 17 at 3:06AM
MLS# 22102672

Copyright © 2026 MIBOR Service Corporation. 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 freestanding storefront offers 2,236 square feet with an open 32' x 28' area that can accommodate a range of interior arrangements. Two restrooms and on-site parking support day-to-day customer and staff use. The property is zoned OT and is available for lease at 105 S Madison Avenue in Greenwood.

The building sits in the Old Greenwood area among local businesses and neighborhood traffic, with a walkable setting and established commercial surroundings. Its open interior and existing support features can serve retail, café, office, boutique, or service-oriented operations, subject to applicable requirements.

Key Highlights

  • 2,236 SF freestanding retail storefront
  • Open area measures 32' x 28'
  • OT zoning

Property Analytics

Current Use

Walt's Barber Shop,Inc Barber Shop

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Florist

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

Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.22 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

826
Businesses Nearby
266
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Village Pantry Shops & Services
266 visits/mo 0.1 miles

Demographics for 46142, IN

32,052
Population
14,396
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,151
Density / Sq Mi
$85,611
Median Household Income
$47,831
Median Earnings
$1,122
Median Rent
$266,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Wood Florist & Flower Delivery Greenwood IN 656 US-31, Greenwood, IN 46142

Frequently Asked Questions

What type of property is this?
Storefront property - Retail space with OT zoning, two restrooms, and on-site parking in Greenwood.
Where is this storefront property located?
The property is located at 105 S Madison Avenue Greenwood, IN.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: 2,236 SF freestanding retail storefront; Open area measures 32' x 28'; OT zoning
More about this property
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