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Former Gas Station with Canopy
For Sale
$450,000

1440 Old US Highway 421, Greensburg, IN 47240

Heavy commercial zoning and existing paving support continued commercial site use.

Property Size1 SF
Lot Size1.20 Acres
Price / SF$450,000
Days on Market48

Property Features for 1440 Old US Highway 421

General Information

Standard status Active
Size 1 SF
Lot size 1.20 Acres
Property subtype Industrial
Zoning B-3 (Heavy Commercial)

Additional Details

Asking Price $450,000
Land Use commercial
Fuel Pumps 2

Amenities

fueling canopy
dual-sided pumps
Listing Agency: CBRE | Indianapolis
Listed By: Jeff Merritt · License #RB14033827
Source: Cbre
Added: Sep 6 Changed: Oct 21 Last Checked: Oct 23 at 5:15AM

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 CBRE | Indianapolis

Rey
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Investment Insights

Based on property information with market context.

This approximately 1.20-acre commercial property includes improvements from a former natural gas fueling operation. The site has an approximately 1,408-square-foot fueling canopy configured with two dual-sided pumps, along with existing paving and concrete improvements that are expected to remain.

The property is zoned B-3 (Heavy Commercial) and is located at 1440 Old US Highway 421 in Greensburg, Indiana. Above-ground CNG fueling equipment remains in place at present, with removal planned before closing. A purchaser may inquire about retaining the equipment as part of the transaction.

Key Highlights

  • Approximately 1.20 acres
  • B‑3 (Heavy Commercial) zoning
  • Approximately 1,408 SF fueling canopy

Property Analytics

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Open Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency HVAC Service Building Supply Law Firm Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 47240, IN

21,940
Population
9,565
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
303.5 sq mi
ZIP Area
72
Density / Sq Mi
$74,373
Median Household Income
$46,430
Median Earnings
$830
Median Rent
$201,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Gas station - Heavy commercial zoning and existing paving support continued commercial site use.
Where is this gas station located?
The property is located at 1440 Old US Highway 421 Greensburg, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 1.20 acres; B‑3 (Heavy Commercial) zoning; Approximately 1,408 SF fueling canopy
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