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Freestanding Restaurant Building

1106 Indianapolis Rd, Greencastle, IN 46135

For Sale
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The former Pizza Hut has access from Indianapolis Road and 5th Street.

Property Size3,505 SF
Lot Size1.07 Acres
Days on Market3

Property Features for 1106 Indianapolis Rd

General Information

Standard status Active
Size 3,505 SF
Lot size 1.07 Acres
Property subtype Vacant-User

Additional Details

Traffic Count 9,608 vehicles/day

Amenities

Located on Greencastle's Primary Retail Corridor | 9,608 Vehicles per Day | Multiple Ingress/Egress Points
Former Pizza Hut | 3,505 Square Foot Building on 1.07 Acres | 280 Feet of Frontage Along Indianapolis Road
Greencastle is Part of the Indianapolis MSA and is Putnam County's Commercial Hub | Three-Mile Houshold Income is $83,032 and Three-Mile Population is 12,389

Building Details

Building Size 3,505 SF
Year Built 1989
Buildings 1
Listing Agency: Marcus & Millichap | Louisville
Listed By: Darby Molloy
Source: Marcusmillichap
Added: Nov 8 Last Checked: Nov 8 at 1:51AM

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 Marcus & Millichap | Louisville

Rey
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Investment Insights

Based on property information with market context.

This freestanding former Pizza Hut comprises 3,505 square feet on a 1.07-acre site. The property is located in Greencastle, Indiana, and is offered for sale or lease.

Indianapolis Road frontage measures approximately 280 feet, with access also available from 5th Street. The site sits on Greencastle’s primary retail corridor, where reported traffic is 9,608 vehicles per day. Indianapolis is approximately 40 miles to the east.

Greencastle serves as Putnam County’s commercial hub. The three-mile trade area has 12,389 residents and an average household income of $83,032; major employers and DePauw University are also identified as area demand drivers.

Key Highlights

  • Former Pizza Hut on a 1.07‑acre site
  • 3,505 SF freestanding restaurant building
  • Approximately 280 feet of frontage on Indianapolis Road

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pizza Hut Take-out & Catering

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

9,608 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

313
Businesses Nearby
149k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 52% Shops & Services 26% Home Improvements & Furnishings 8% Groceries 6%
McDonald's Dining
25,059 visits/mo 0.4 miles
Speedway Shops & Services
18,471 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
11,539 visits/mo 0.2 miles
Wendy's Dining
11,210 visits/mo 0.3 miles
Aldi Groceries
9,300 visits/mo 0.3 miles

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • China Buffet — 1 Putnam Plaza, Greencastle, IN 46135

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The former Pizza Hut has access from Indianapolis Road and 5th Street.
Where is this conventional restaurant located?
The property is located at 1106 Indianapolis Rd Greencastle, IN.
What are key features of this property?
This property features: Former Pizza Hut on a 1.07‑acre site; 3,505 SF freestanding restaurant building; Approximately 280 feet of frontage on Indianapolis Road
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