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    2732 N State St Greenfield, IN 46140

    For Sale
    $2,998,336

    Retail property with drive-thru, located near I-70 and State St.

    Property size:
    2,164 SF
    Lot size:
    4.35 Acres

    Property Features for 2732 N State St

    General Information

    Size
    2,164 SF
    Lot size
    4.35 Acres

    Source: Veritas Realty Agent Jon Bannister

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

    Overview

    High-Traffic Retail Property For Sale

    The subject property is strategically located at the I-70 and State St interstate interchange, capturing daily commuter traffic and serving a rapidly growing residential population. The property, with a building size of 2164 square feet, is positioned on a 1.371-acre parcel, providing 39 parking spaces and a drive-thru stacking queue that accommodates 20 cars. Hancock County, with Greenfield as its County Seat, was the fastest-growing county in Indiana in 2023, experiencing residential growth of 3.70%. Contributing to this growth are the 25 businesses that have announced expansions or new locations since 2019. The retail corridor is anchored by Walmart, Kroger, Home Depot, Aldi, Kohls, Tractor Supply, and Ace Hardware. The corridor has experienced new retail development over the past few years including new locations for Chick-Fil-A, Olive Garden, Chipotle, Panera, Culvers, Panda Express, Valvoline, McAlister’s Deli, Forum Credit Union, and Verizon. The tenant is required to reimburse for all CAM, Real Estate Taxes, and Insurance expenses. This property is suitable for coffee shops, restaurants, retail properties, and drive-through restaurants.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

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

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

    Similar Places Nearby

    The Confection Connection Cafe and Bakery, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.770167
    Latitude
    39.825614

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    FAQs

    What type of property is this?
    Coffee shop - Retail property with drive-thru, located near I-70 and State St.
    Where is this coffee shop located?
    The property is located at 2732 N State St Greenfield, IN.
    What is the asking price?
    The asking price for this property is $2,998,336.
    What are key features of this property?
    This property features: - New Starbucks location opened August 2024 with a 10-year primary lease term and four 5-year renewal options.; - Located at the intersection of I-70 and State St, capturing high commuter and residential traffic.; - 7.50% rental increases every five years, including renewal options, maximizing cash flow.
    (317) 493-1267
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    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
    2732 N State St Greenfield, IN 46140
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