First-Floor Retail in Mixed-Use
For Lease
Contact for pricing
523 S Madison Ave, Greenwood, IN 46142
New first-floor retail suites are available within a mixed-use building featuring residences directly above.
Space Size1,690 SF
Days on Market240
Property Features for 523 S Madison Ave
General Information
Standard status
Active
Size
1,690 SF
Property subtype
RETAIL
Spaces For Lease
at 523 S Madison Ave
Building E South
AVAILABLE, Now
Floor
1
Size
1,690 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- 777-4,300 SF spaces of new first-floor retail in a luxury mixed-use development
- 329 market-rate apartments + 18 townhomes directly above the retail — creating built-in daily demand
- Designed for medical, wellness, beauty, fitness, café, and service-oriented tenants
Contact us
Listing Agency:
CBRE | Indianapolis
(317) 269-1000
Listed By:
Diana Zagarzhevskiy · License #RB20001523
(317) 518-6257
Source:
Moodyscre
Added: Mar 10
Changed: Oct 26
Last Checked: Nov 3 at 8:00AM
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 CBRE | Indianapolis
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Investment Insights
Based on property information with market context.
New first-floor retail space is available in a luxury mixed-use development, offering 777–4,300 SF of retail options. The property includes residential units directly above the retail, creating consistent built-in daily demand. The space is designed to support a range of service-oriented uses, including medical, wellness, beauty, fitness, café, and other service tenants.
The development is located at 523 S Madison Ave in Greenwood, IN, with 329 market-rate apartments and 18 townhomes positioned above the retail component.
With a retail-first configuration and a built-in residential base, the available suites are well-suited for tenants seeking day-to-day foot traffic generated by the on-site community.
The development is located at 523 S Madison Ave in Greenwood, IN, with 329 market-rate apartments and 18 townhomes positioned above the retail component.
With a retail-first configuration and a built-in residential base, the available suites are well-suited for tenants seeking day-to-day foot traffic generated by the on-site community.
Key Highlights
- New first‑floor retail available: 4,300 SF suites in a luxury mixed‑use development
- Mixed‑use setup includes 329 market‑rate apartments and 18 townhomes directly above the retail
- Tenant‑friendly design for medical, wellness, beauty, fitness, café, and service‑oriented businesses
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 41%
Apparel 29%
Shops & Services 20%
Dining 10%
Regal Greenwood & RPX
Leisure
37,695 visits/mo
0.5 miles
Goodwill
Apparel
15,579 visits/mo
0.4 miles
DSW Designer Shoe Warehouse
Apparel
9,820 visits/mo
0.5 miles
Dollar General
Shops & Services
9,775 visits/mo
0.5 miles
Buca di Beppo Italian Restaurant
Dining
8,239 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - New first-floor retail suites are available within a mixed-use building featuring residences directly above.
Where is this mixed-use property located?
The property is located at 523 S Madison Ave Greenwood, IN.
What are key features of this property?
This property features: New first‑floor retail available: 4,300 SF suites in a luxury mixed‑use development; Mixed‑use setup includes 329 market‑rate apartments and 18 townhomes directly above the retail; Tenant‑friendly design for medical, wellness, beauty, fitness, café, and service‑oriented businesses
