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Historic Office Building
For Sale
$479,000

399 W Main Street, Greenwood, IN 46142

Commercial Sale, Greenwood, IN

Property SizeContact for details
Lot Size0.55 Acres
Days on Market77

Property Features for 399 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-3
Parking features Garage, Assigned
Middle school Greenwood Middle School
High school Greenwood Community High Sch
Elementary school district Greenwood Community Sch Corp
Middle school district Greenwood Community Sch Corp
High school district Greenwood Community Sch Corp
Directions GPS Friendly
Subdivision 4102 - Johnson - Pleasant
Standard status Active
APN 410232031022000026
Lot size 0.55 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description E Sw S32 T14 R4
Tax Annual Amount 4814
Legal Description E Sw S32 T14 R4

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 1946
Floors in Building 2
Listing Agency: Real Broker, LLC
Listed By: Craig Deboor · License #RB14051913
Added: Jul 29 Changed: Oct 8 Last Checked: Oct 13 at 2:06AM
MLS# 22117040

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1946, this office property combines a two-level layout with period details, including hardwood flooring and a fireplace. The main floor has two private offices, a living room, formal dining room, sunroom, full kitchen with breakfast nook, and a full bathroom. Upstairs are another private office, a loft, and a second full bathroom. Central air conditioning and natural gas forced-air heating serve the building.

The 0.55-acre property includes five designated parking spaces and a 26-by-35-foot unfinished basement and garage with an overhead door and rear entry. Zoning is C-3. The current configuration supports professional office use, with additional rooms offering flexibility within the existing layout.

Key Highlights

  • Office building constructed in 1946
  • C‑3 zoning
  • 0.55‑acre site

Property Analytics

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Current Use

Greenwood Counseling Associates Family Counselor Richard L. Ruegg, ... Physician Julie Lacreta Counselor

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Electrical Service 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.

Location Intelligence

Trade Area within ½ mile

833
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - C-3-zoned property configured for professional office use, with parking and adaptable interior spaces.
Where is this office building located?
The property is located at 399 W Main Street Greenwood, IN.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Office building constructed in 1946; C‑3 zoning; 0.55‑acre site
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