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Flex Space with Warehouse
For Lease
$18 SF/Yr NNN

645 U.S 31 North, Greenwood, IN 46142

A retail showroom is complemented by warehouse space and mezzanine storage for a combined sales and storage layout.

Space Size14,320 SF
Property Size22,060 SF
Lot Size1.13 Acres
Days on Market14

Property Features for 645 U.S 31 North

General Information

Standard status Active
Size 14,320 SF
Net Rentable 14,320 SF
Class A
Lot size 1.13 Acres
Property subtype SCR
Zoning Commercial Large
Lease Type NNN

Space & Availability

Available Space 14,320 SF
Contiguous Space 14,320 SF
Space Use Retail showroom
Available From 2027-01-01

Site & Location

Pylon Signage Yes
Highway Access Yes
Road Access Yes

Building Details

Building Size 22,060 SF
Year Built 1997
Buildings 1
Stories 1
Units 1
Tenancy Multi
Listing Agency: Indy Metro Northeast dba Keller Williams Realty
Listed By: Sharon Thompson · License ##RB14044406
Source: Realnex
Added: Sep 30 Changed: Oct 13 Last Checked: Oct 13 at 2:22AM

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 Indy Metro Northeast dba Keller Williams Realty

Investment Insights

Based on property information with market context.

This 14,320-square-foot flex space combines a retail showroom with a substantial warehouse area and mezzanine storage. The space is within a retail building on a 1.13-acre site, constructed in 1997 and zoned Commercial Large. Availability begins January 1, 2027.

The property sits along the south side of the US 31 corridor in Greenwood’s shopping district. A pylon sign provides visibility from US 31. Indiana Brazilian Jiu Jitsu Academy occupies the building’s remaining 7,740 square feet under a long-term lease.

Key Highlights

  • 14,320 SF of showroom, warehouse, and mezzanine storage space
  • Located on a 1.13‑acre site along the south side of US 31
  • Commercial Large zoning

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Dental Office

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - A retail showroom is complemented by warehouse space and mezzanine storage for a combined sales and storage layout.
Where is this flex space located?
The property is located at 645 U.S 31 North Greenwood, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 14,320 SF of showroom, warehouse, and mezzanine storage space; Located on a 1.13‑acre site along the south side of US 31; Commercial Large zoning
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