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 for medical, wellness, beauty, fitness, and service concepts with residents directly above.
Property Size777 SF - 4,300 SF
Days on Market145
Property Features for 523 S Madison Ave
General Information
Standard status
Active
Size
777 SF - 4,300 SF
Net Rentable
777 SF
Property subtype
RETAIL
Space & Availability
Available Space
777-4,300 SF
Floor
1
Space Use
Retail
Listing Agency:
CBRE | Indianapolis
(317) 518-6257
Listed By:
Diana Zagarzhevskiy · License #RB20001523
(317) 518-6257
Source:
Moodyscre
Added: Mar 10
Changed: Jul 30
Last Checked: Aug 1 at 8:02AM
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 in a luxury mixed-use development at 523 S Madison Ave, Greenwood, IN 46142. Suites range from 777 to 4,300 SF and are delivered as new retail within the building’s active streetscape.
Above the retail, the development includes 329 market-rate apartments and 18 townhomes, creating built-in daily foot traffic. This vertical mix can support retail tenants that benefit from consistent, neighborhood-based demand.
The retail concept is designed to serve medical, wellness, beauty, fitness, café, and other service-oriented tenants. Lease users considering customer-facing uses will find flexible suite sizing within a mixed-use environment built to draw activity throughout the day.
Above the retail, the development includes 329 market-rate apartments and 18 townhomes, creating built-in daily foot traffic. This vertical mix can support retail tenants that benefit from consistent, neighborhood-based demand.
The retail concept is designed to serve medical, wellness, beauty, fitness, café, and other service-oriented tenants. Lease users considering customer-facing uses will find flexible suite sizing within a mixed-use environment built to draw activity throughout the day.
Key Highlights
- New first‑floor retail suites ranging from 777 to 4,300 SF
- Luxury mixed‑use development with retail at street level
- 329 market‑rate apartments and 18 townhomes directly above the retail
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - New first-floor retail suites are available for medical, wellness, beauty, fitness, and service concepts with residents directly above.
Where is this retail space 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 suites ranging from 777 to 4,300 SF; Luxury mixed‑use development with retail at street level; 329 market‑rate apartments and 18 townhomes directly above the retail
