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    1029-1051 N State St Greenfield, IN 46140

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    For Sale
    $6,377,592

    Fully leased retail center near Hancock Health Hospital.

    Property size:
    33,090 SF
    Lot size:
    4.26 Acres

    Property Features for 1029-1051 N State St

    General Information

    Size
    33,090 SF
    Lot size
    4.26 Acres

    Source: Veritas Realty Agent Jon Bannister

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

    Overview

    Fully Leased Retail Center

    Northgate Plaza is a fully leased, 6-unit neighborhood retail center located in Greenfield, Indiana, within the Indianapolis MSA. The property is situated just north of the main Hancock Health Hospital and surrounded by a host of national retailers on N. State St, which experiences a traffic volume of 28,000 vehicles per day. This location provides prime visibility and accessibility. The center is anchored by O’Reilly Auto Parts, which recently completed a 10-year early renewal. The mix of established tenants and high traffic ensures a steady income stream and strong draw for local shoppers. The property contains 33,090 square feet and is suitable for investors seeking stability and upside.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.769325
    Latitude
    39.79711

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail center near Hancock Health Hospital.
    Where is this strip mall located?
    The property is located at 1029-1051 N State St Greenfield, IN.
    What is the asking price?
    The asking price for this property is $6,377,592.
    What are key features of this property?
    This property features: - Fully leased 6-unit neighborhood retail center.; - Anchored by O’Reilly Auto Parts with a recent 10-year early renewal.; - Located near Hancock Health Hospital and national retailers.
    (317) 493-1267
    Request Owner's contact information
    1029-1051 N State St Greenfield, IN 46140
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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
    1029-1051 N State St Greenfield, IN 46140
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