Office Suite with Exposed
For Sale
Contact for pricing
435 E Main Street Suite 250, Greenwood, IN 46143
Enclosed rooms frame a central workspace, with two restrooms and a kitchenette serving the suite.
Property Size56,306 SF
Price / SF$0.00
Days on Market33
Property Features for 435 E Main Street Suite 250
General Information
Standard status
Active
Size
56,306 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
kitchenette
Building Details
Construction
exposed brick, beams, and posts
Listing Agency:
Keller Williams Indy Metro Partners
(317) 882-5900
Listed By:
Teresa Harwood · License #RB14039040
(317) 354-5236
Source:
Indianagoldgroup
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 3:28PM
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 Indy Metro Partners
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Investment Insights
Based on property information with market context.
Suite 250 combines multiple private rooms with a substantial central area that can accommodate shared work or gathering space. Windows admit natural light, while exposed brick, beams, posts, and a curved interior wall contribute architectural detail. The suite also has two restrooms and a kitchenette.
Located at 435 E Main Street in Greenwood, the office is identified as part of historic Polk Place. Its mix of enclosed rooms and open area supports a range of office configurations, including meeting, consultation, reception, or individual work areas.
Located at 435 E Main Street in Greenwood, the office is identified as part of historic Polk Place. Its mix of enclosed rooms and open area supports a range of office configurations, including meeting, consultation, reception, or individual work areas.
Key Highlights
- Private rooms arranged around a central open area
- Exposed brick, beams, and posts
- Windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$710,722
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,214,440
$14.2M
Cap Rate 7%
$10,153,171
$10.2M
Cap Rate 9%
$7,896,911
$7.9M
Market Conditions
NOI Build-Up for 56,306 SF
Gross rent
$1.11M $19.80/SF
− Vacancy
−$167.2K −$2.97/SF
EGI
$947.6K $16.83/SF
− OpEx
−$236.9K −$4.21/SF
NOI
$710.7K $12.62/SF
Area
Johnson County, IN
Vacancy
15.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,214,440
Cap Rate 7%
$10,153,171
Cap Rate 9%
$7,896,911
Alternative Uses
Best Use
Office B
$10.15M
$8.88M – $11.85M
NOI $710,722 @ 7.0% cap · market cap 4,442,012.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.19M
$12.42M – $16.55M
NOI $993,238 @ 7.0% cap · market cap 6,207,737.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 46143, IN
62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Enclosed rooms frame a central workspace, with two restrooms and a kitchenette serving the suite.
Where is this office unit located?
The property is located at 435 E Main Street Suite 250 Greenwood, IN.
What are key features of this property?
This property features: Private rooms arranged around a central open area; Exposed brick, beams, and posts; Windows provide natural light
