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First-Floor Retail in Mixed-Use
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523 S Madison Ave, Greenwood, IN 46142

New first-floor retail suites are available within a luxury mixed-use building with residential units above.

Space Size1,276 SF
Days on Market200

Property Features for 523 S Madison Ave

General Information

Standard status Active
Size 1,276 SF
Property subtype RETAIL

Spaces For Lease

at 523 S Madison Ave Contact us

Building E North

Floor
1
Size
1,276 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- 777-4,300 SF spaces of new first-floor retail in a luxury mixed-use development -...
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Listing Agency: CBRE | Indianapolis
Listed By: Diana Zagarzhevskiy · License #RB20001523
Source: Moodyscre
Added: Mar 10 Changed: Sep 17 Last Checked: Sep 24 at 7:42AM

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

Investment Insights

Based on property information with market context.

This offering provides 777 to 4,300 square feet of new first-floor retail space in a luxury mixed-use development. The building includes 329 market-rate apartments and 18 townhomes directly above the retail, creating a built-in daily customer base.

The tenant mix is designed to support medical, wellness, beauty, fitness, café, and service-oriented uses. Multiple suite sizes are available, which can accommodate a range of retail and service footprints within the ground-level layout.

The property is positioned as a street-level retail component of a mixed-use project, with residential units occupying the floors above.

Key Highlights

  • 777–4,300 SF new first‑floor retail suites in a luxury mixed‑use development
  • Mixed‑use setup includes 329 market‑rate apartments and 18 townhomes directly above the retail
  • Retail is designed for medical, wellness, beauty, fitness, café, and service‑oriented tenants

Property Analytics

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Current Use

The Madison at Greenwood Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bakery Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

550
Businesses Nearby
92k
Monthly Visits Nearby

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - New first-floor retail suites are available within a luxury mixed-use building with residential units 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: 777–4,300 SF new first‑floor retail suites in a luxury mixed‑use development; Mixed‑use setup includes 329 market‑rate apartments and 18 townhomes directly above the retail; Retail is designed for medical, wellness, beauty, fitness, café, and service‑oriented tenants
(317) 518-6257 Call to check price and availability
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