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Retail Property in Greenwood, Indiana
For Lease
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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 Market283

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: Aug 24 Last Checked: Aug 31 at 12:57PM

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 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

Current Use

The Madison at Greenwood Real Estate Agency

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Pet Grooming Service Daycare Center

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

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?
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.)
More about this property
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