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Freestanding Retail with Open Layout
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105 S Madison Ave, Greenwood, IN 46142

Highly visible freestanding retail offering an open floor plan, two restrooms, and customer parking in Old Greenwood.

Space Size2,236 SF
Days on Market95

Property Features for 105 S Madison Ave

General Information

Standard status Active
Size 2,236 SF
Class C
Property subtype Free Standing Building
Zoning OT

Additional Details

Highway Access Yes

Building Details

Building Size 2,236 SF
Year Built 1957

Spaces For Lease

at 105 S Madison Ave Contact us

105 S Madison Ave

Size
2,236 SF
Lease Type
NNN
Contact us
Listing Agency: Keller Williams Commercial | Johnson Realty
Listed By: Shelly Johnson · License #RB14043056
Source: Thebrokerlist
Added: Jun 3 Changed: Aug 25 Last Checked: Sep 5 at 3:35AM

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 Keller Williams Commercial | Johnson Realty

Investment Insights

Based on property information with market context.

This freestanding retail property provides a large open area measuring approximately 329 x 289, supported by two restrooms for customer and staff convenience. The space is presented as a flexible option under OT zoning, suitable for a range of storefront and service concepts that benefit from an easy-to-configure interior layout. The offering also includes ample on-site parking to support customer access.

The property is positioned in the heart of Old Greenwood and is described as highly visible along an established commercial corridor. It sits in a walkable area surrounded by local businesses and neighborhood traffic, with wide sidewalks and well-kept streets intended to support regular foot traffic. The remarks also note quick access to Madison Avenue, Main Street, and US 31.

For tenants considering a neighborhood-oriented presence, this configuration offers a straightforward footprint for customizing layouts while maintaining core operational needs like restroom access. The freestanding nature and on-site parking are practical for retail, office, or service users who want direct customer convenience in a downtown-style setting.

Key Highlights

  • Freestanding retail building built in 1957 with 2,236 SF of flexible space
  • Open area layout measuring 32' x 28' for a variety of retail or service configurations
  • Includes two restrooms

Property Analytics

Current Use

Walt's Barber Shop,Inc Barber Shop

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic Florist

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

714
Businesses Nearby
266
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Village Pantry Shops & Services
266 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Highly visible freestanding retail offering an open floor plan, two restrooms, and customer parking in Old Greenwood.
Where is this storefront property located?
The property is located at 105 S Madison Ave Greenwood, IN.
What are key features of this property?
This property features: Freestanding retail building built in 1957 with 2,236 SF of flexible space; Open area layout measuring 32' x 28' for a variety of retail or service configurations; Includes two restrooms
More about this property
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