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    7408 W State Road 28 Elwood, IN 46036

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    For Lease
    $12 SF/Yr ($4,208 /Mo)

    Office space available in Park Plaza Shopping Center.

    Property size:
    4,040 SF
    Lot size:
    2.49 Acres

    Property Features for 7408 W State Road 28

    General Information

    Size
    4,040 SF
    Lot size
    2.49 Acres

    Source: ADM Commercial Real Estate Agent Mark Sturgis 765 749 0665

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Park Plaza Shopping Center Office

    Located in the Park Plaza Shopping Center at the intersection of State Hwy 37 and State Hwy 28, adjacent to a McDonald's, this property offers office space for rent. The property has a size of 4040 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Building Supply Dental Office Wholesale Shop Auto Repair Shop Food Market Storage Facility Grocery Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Madison
    State
    Indiana
    Longitude
    -85.872181
    Latitude
    40.276892

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office space - Office space available in Park Plaza Shopping Center.
    Where is this office space located?
    The property is located at 7408 W State Road 28 Elwood, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Front space location within Park Plaza Shopping Center.; - Adjacent to McDonalds.; - Located at the intersection of State Hwy 37 and State Hwy 28.
    (765) 749-0665
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    Elwood, IN 46036
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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
    7408 W State Road 28 Elwood, IN 46036
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