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Mixed-Use Live/Work Building

484 N Madison Avenue Greenwood, IN 46142

New
484 N Madison Avenue, Greenwood, IN, 46142
$2,000/Mo
For Lease
$2,000/Mo

COMMERCIAL - Greenwood, IN

Lot Size0.44 Acres
Days on Market2

Property Features for 484 N Madison Avenue

General Information

Property type
Commercial Lease
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
410232021009001026
Lot size
0.44 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
Pt Nw 1/4 S32 T14 R4

Building Details

Floors in Building
2
Listing agency Keller Williams Indy Metro Partners
Listed by Sheila Bowles
Added: Jul 20 Checked: Jul 21 at 7:06AM
MLS# 22115371

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.


Investment Insights

Based on property information with market context.

This freestanding mixed-use building offers flexibility for live, work, or both, with a lower-level commercial suite and an upstairs efficiency apartment. The main level features an open, versatile floor plan. A private restroom and a dedicated laundry area are located on the commercial level. The upstairs unit is attic-style and includes a full kitchen, a combined living/sleeping area, and a full bath.

The building is located just off Madison Avenue in Greenwood, Indiana. The commercial space includes a front overhead garage door, and the landlord is willing to replace it with a traditional storefront wall to better suit business needs. On-site parking is available for customers, clients, and residents.

With two distinct levels designed for commercial use below and residential use above, the property can support owner-occupancy or separate utilization of the apartment and commercial suite, depending on the tenant’s needs.

Key Highlights

  • Freestanding mixed‑use building with a lower‑level commercial suite and an upstairs efficiency apartment
  • Commercial level includes an open, versatile floor plan plus a private restroom and laundry area
  • Front overhead garage door; landlord willing to replace it with a traditional storefront wall to fit business needs

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

A Piece of Cake Bakery UNDERGROUND BEAUTY LOUNGE Alternative Medicine Practice

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Building Supply Garden Center Veterinary Clinic Pet Grooming Service Pharmacy Law Firm Carpet & Flooring Store Daycare Center

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

FAQs

What type of property is this?
Live-work space - Freestanding building with a lower-level commercial suite and an upstairs efficiency apartment, plus private restroom and laundry.
Where is this live-work space located?
The property is located at 484 N Madison Avenue Greenwood, IN.
What is the lease rate?
The lease rate is $2,000 /Mo.
What are key features of this property?
This property features: Freestanding mixed‑use building with a lower‑level commercial suite and an upstairs efficiency apartment; Commercial level includes an open, versatile floor plan plus a private restroom and laundry area; Front overhead garage door; landlord willing to replace it with a traditional storefront wall to fit business needs
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