Mixed-Use Building with
For Sale
Contact for pricing
181 S Madison Ave, Greenwood, IN 46142
Three lower-level rental units accompany an upper-level event space with recent roof, HVAC, and interior improvements.
Property SizeContact for details
Days on Market143
Property Features for 181 S Madison Ave
General Information
Standard status
Active
Property subtype
Retail, Office
Building Details
Buildings
1
Listing Agency:
Your Realty Link LLC
(317) 997-7404
Listed By:
Janet Giles · License #IN
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:23PM
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 Your Realty Link LLC
Investment Insights
Based on property information with market context.
This mixed-use building at 181 S Madison Ave includes three rentable units on the lower level, with two occupied on month-to-month arrangements. The upper floor contains a ballroom and event center that was booked through fall 2023. The configuration also supports combining the spaces for restaurant, bar, or entertainment use, as described in the property information.
Capital improvements include a roof replacement completed in 2019, interior ballroom renovations finished in February 2020, and a new ballroom AC system installed in 2018. The property is within walking distance of the Madison Ave project under construction and several restaurants and event locations in Greenwood.
Capital improvements include a roof replacement completed in 2019, interior ballroom renovations finished in February 2020, and a new ballroom AC system installed in 2018. The property is within walking distance of the Madison Ave project under construction and several restaurants and event locations in Greenwood.
Key Highlights
- Three lower‑level rentable units
- Two units occupied under month‑to‑month arrangements
- Upper‑level ballroom and event center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Village Pantry
Shops & Services
3,116 visits/mo
0.5 miles
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three lower-level rental units accompany an upper-level event space with recent roof, HVAC, and interior improvements.
Where is this mixed-use property located?
The property is located at 181 S Madison Ave Greenwood, IN.
What are key features of this property?
This property features: Three lower‑level rentable units; Two units occupied under month‑to‑month arrangements; Upper‑level ballroom and event center
