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Flex Space with Paved Yard
New
For Sale
$225,000

714 N Michigan Avenue, Greensburg, IN 47240

Commercial Sale, Greensburg, IN

Property Size2,184 SF
Lot Size0.23 Acres
Price / SF$103.02
Days on Market3

Property Features for 714 N Michigan Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Light industrial
Elementary school district Decatur County Community Schools
Middle school district Decatur County Community Schools
High school district Decatur County Community Schools
Directions GPS Friendly
Subdivision 1605 - Decatur - Washington
Standard status Active
APN 161102310054010016
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Tract B S Pt Lots 3, 4 & 5 Block 26 City Park Place 0.229 A.
Tax Annual Amount 2882
Legal Description Tract B S Pt Lots 3, 4 & 5 Block 26 City Park Place 0.229 A.

Building Details

Floors in Building 1
Listing Agency: eXp Realty LLC
Listed By: Zane Wischmeier
Added: Oct 21 Last Checked: Oct 23 at 10:06PM
MLS# 22129287

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This flex property at 714 N Michigan Avenue in Greensburg includes a 2,184-square-foot commercial/industrial building on a 0.229-acre site. The interior offers layout flexibility, and 3,200 square feet of asphalt paving provides outdoor space for parking or staging. The property was previously used as an auto towing lot and has access to public utilities.

Zoning is light industrial. The site is located on N Michigan Avenue, with the source identifying nearby access to major local routes and community amenities. The property is suited to retail, automotive, service, workshop, or light industrial operations, consistent with the uses described for the site.

Key Highlights

  • 2,184‑square‑foot commercial/industrial building
  • 3,200 square feet of asphalt paving for parking or outdoor staging
  • 0.229‑acre site with public utility access

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Barber Shop Cafe & Coffee Shop

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

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

627
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47240, IN

21,940
Population
9,565
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
303.5 sq mi
ZIP Area
72
Density / Sq Mi
$74,373
Median Household Income
$46,430
Median Earnings
$830
Median Rent
$201,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Similar Off Market Nearby

  • Deborah Sellers Catering — 123 N Broadway St, Greensburg, IN 47240

Frequently Asked Questions

What type of property is this?
Flex space - A flexible interior and paved outdoor area support a range of commercial and light industrial operations.
Where is this flex space located?
The property is located at 714 N Michigan Avenue Greensburg, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,184‑square‑foot commercial/industrial building; 3,200 square feet of asphalt paving for parking or outdoor staging; 0.229‑acre site with public utility access
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