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Medical and Wellness Retail Space
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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 Market189

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 Contact us

Building G

Floor
1
Size
3,135 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 3 Last Checked: Sep 14 at 7:03AM

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.

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

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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 - 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 Call to check price and availability
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