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Retail Property in Greenwood, Indiana
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523 South Madison Avenue, Greenwood, IN 46142

Retail property available for lease in Greenwood, Indiana.

Space SizeContact for details
Days on Market328

Property Features for 523 South Madison Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Indianapolis
Listed By: Diana Zagarzhevskiy · License #RB20001523
Source: Cbre
Added: Nov 22, 2025 Changed: Oct 11 Last Checked: Oct 16 at 8:08AM

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.

This retail property, encompassing 18,401 square feet, is located at 523 South Madison Avenue in Greenwood, Indiana. The property is suitable for retail and other retail purposes.

Key Highlights

  • Retail property available for lease.
  • Located in Greenwood, Indiana.
  • (Further details needed to determine other selling points, such as size, location specifics, amenities, etc.)

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
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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?
Retail property - Retail property available for lease in Greenwood, Indiana.
Where is this retail property located?
The property is located at 523 South Madison Avenue Greenwood, IN.
What are key features of this property?
This property features: Retail property available for lease.; Located in Greenwood, Indiana.; (Further details needed to determine other selling points, such as size, location specifics, amenities, etc.)
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