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Bi-Level Showroom on State Road
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251 South State Road 135, Greenwood, IN 46142

Bi-level showroom space suitable for retail or restaurant use.

Space Size3,223 SF
Property Size15,484 SF
Days on Market1251

Property Features for 251 South State Road 135

General Information

Standard status Active
Size 3,223 SF
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 15,484 SF
Tenancy Multiple

Spaces For Lease

at 251 South State Road 135 Contact us

251

Size
3,223 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Harshman Property Services LLC
Listed By: Larry Harshman · License #RB14030305
Source: Crexi
Added: Mar 27, 2023 Changed: Aug 23 Last Checked: Aug 25 at 10:12AM

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 Harshman Property Services LLC

Investment Insights

Based on property information with market context.

This 10,189 square foot bi-level showroom space is located on State Road 135. Currently operating as a grocery and restaurant, the property includes a commercial kitchen and 60 feet of store front. The location benefits from a traffic count of over 16,000 vehicles per day and a population of over 395,000 within a 10-mile radius. The property also features an overhead door and a small warehouse in the rear.

Key Highlights

  • High‑traffic location on State Road 135 with 16,000+ vehicles per day
  • Large 10,189 square foot bi‑level showroom space
  • Currently operating as a grocery/restaurant with commercial kitchen

Property Analytics

Current Use

Bunker Run Pro ... Golf Course Orchard Golf Center Golf Course All Insurance Services ... Insurance Agency Insurance Doctors of Indiana, ... Insurance Agency

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Storage Facility Restaurant Auto Parts Store Hotel & Motel

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

NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby
Balanced
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Carpet Country 280 S State Rd 135, Greenwood, IN 46142
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  • 1 Day Concrete Coatings 886 IN-135 B, Greenwood, IN 46142
  • Carpet One Floor & Home 894 N State Rd 135, Greenwood, IN 46142

Frequently Asked Questions

What type of property is this?
Showroom - Bi-level showroom space suitable for retail or restaurant use.
Where is this showroom located?
The property is located at 251 South State Road 135 Greenwood, IN.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on State Road 135 with 16,000+ vehicles per day; Large 10,189 square foot bi‑level showroom space; Currently operating as a grocery/restaurant with commercial kitchen
More about this property
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