1515 S State Road 37, Elwood, IN 46036

Listing agent Robert Burlas License #RB21001261 Show Phone

Listing office Keller Williams Indy Metro NE k***@kw.com River Rd Ste 200 8555, Indianapolis, IN Show Phone

Listing date Apr 29, 2025

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MLS# 22035391

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This listing offers retail space within an established neighborhood shopping center in Elwood, Indiana. The property is positioned along S State Road 37 with prominent frontage that supports customer-facing retail and food & beverage concepts.

The center sits directly on the primary commercial corridor, with large manufacturing facilities located across SR-37 that contribute to daytime activity from employees seeking food, beverage, and convenience options. The shopping center is anchored by nationally recognized co-tenants including Dollar Tree, Subway, and Needler’s Fresh Market, helping drive repeat traffic throughout the day.

The retail location is well suited for businesses that benefit from visibility and straightforward access from a high-traffic roadway, while also drawing from the daily demand created by nearby employment and established anchor tenants. With the Commercial zoning designation, the space supports general commercial uses appropriate for a customer-oriented neighborhood center setting.

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

Similar Places Nearby

• Coinstar Kiosk - Bitcoin ATM — Needler's Fresh Market, 10875 IN-37, Elwood, IN 46036
• Coin Cloud Bitcoin ATM — 1515 IN-37, Elwood, IN 46036

Location Insight

• Map
• Local Demand

City

Elwood

County

Madison

State

Indiana

Longitude

-85.816577

Latitude

40.264039

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FAQs

What type of property is this?

Shopping center - Commercial retail space in a neighborhood shopping center with direct state-road frontage for customer access and visibility.

Where is this shopping center located?

The property is located at 1515 S State Road 37 Elwood, IN.

What is the lease rate?

The lease rate is $14 SF/Yr.

What are key features of this property?

This property features: High‑traffic frontage on State Road 37; Positioned in Elwood's primary commercial corridor; National anchor co‑tenancy includes Dollar Tree, Subway, and Needler's Fresh Market