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Medical and Wellness Retail Space
For Lease
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523 S Madison Ave, Greenwood, IN 46142

First-floor retail suites sized for flexible medical, wellness, beauty, fitness, and service tenant concepts.

Space Size3,135 SF
Days on Market237

Property Features for 523 S Madison Ave

General Information

Standard status Active
Size 3,135 SF
Property subtype RETAIL

Spaces For Lease

at 523 S Madison Ave
Building G AVAILABLE, Now
Floor 1
Size 3,135 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
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Listing Agency: CBRE | Indianapolis
Listed By: Diana Zagarzhevskiy · License #RB20001523
Source: Moodyscre
Added: Mar 10 Changed: Oct 25 Last Checked: Nov 1 at 6:55AM

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

Rey
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Investment Insights

Based on property information with market context.

First-floor retail space is available within a luxury mixed-use development, offering suites ranging from 777 to 4,300 SF. The project is positioned to support medical, wellness, beauty, fitness, café, and service-oriented tenants.

Above the retail, the development includes 329 market-rate apartments and 18 townhomes, creating consistent built-in daily demand. The property is located at 523 S Madison Ave in Greenwood, IN 46142.

Key Highlights

  • First‑floor retail suites range from 777 to 4,300 SF
  • Luxury mixed‑use development with retail on the first level
  • 329 market‑rate apartments directly above the retail

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor retail suites sized for flexible medical, wellness, beauty, fitness, and service tenant concepts.
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: First‑floor retail suites range from 777 to 4,300 SF; Luxury mixed‑use development with retail on the first level; 329 market‑rate apartments directly above the retail
(317) 518-6257 · Office Call to check price and availability
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