Freestanding Commercial
730 FRY RD Greenwood, IN 46142
730 FRY RD, Greenwood, IN, 46142
Contact for pricing
For Sale
Contact for pricing
Highly visible building with extensive Fry Road frontage and an on-site parking lot for flexible office, medical, or retail use.
Property Size5,405 SF
Lot Size0.57 Acres
Price / SF$147.99
Days on Market50
Property Features for 730 FRY RD
General Information
- Standard status
- Active
- Size
- 5,405 SF
- Lot size
- 0.57 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing agency
RE/MAX Advanced Realty
Listed by
Keith Turnbill · License #IN
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 3:59PM Checked: Jul 19 at 4:40AM
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 RE/MAX Advanced Realty
Investment Insights
Based on property information with market context.
This freestanding commercial building was most recently operated as a daycare facility and includes a functional layout that can support childcare, educational services, medical or professional office use, retail, wellness services, or other commercial applications. The property sits on a site with an existing parking lot, providing practical customer and employee access.
Located on Fry Road in Greenwood, the site offers approximately 120 feet of frontage along one of the area’s primary east-west corridors. The property benefits from strong traffic exposure with more than 16,000 vehicles passing daily, along with excellent ingress and egress to support convenient day-to-day operations.
With its prominent road presence, accessible parking, and adaptable interior configuration, the building is well-suited for tenants seeking visibility and straightforward site access. It may also appeal to buyers planning to continue a daycare-oriented use or convert the property to a medical practice, professional office, retail, or service business that can benefit from consistent local drive-by traffic. The central Greenwood location also provides convenient access to State Road 135, U.S. 31, and Interstate 65.
Located on Fry Road in Greenwood, the site offers approximately 120 feet of frontage along one of the area’s primary east-west corridors. The property benefits from strong traffic exposure with more than 16,000 vehicles passing daily, along with excellent ingress and egress to support convenient day-to-day operations.
With its prominent road presence, accessible parking, and adaptable interior configuration, the building is well-suited for tenants seeking visibility and straightforward site access. It may also appeal to buyers planning to continue a daycare-oriented use or convert the property to a medical practice, professional office, retail, or service business that can benefit from consistent local drive-by traffic. The central Greenwood location also provides convenient access to State Road 135, U.S. 31, and Interstate 65.
Key Highlights
- 5,405 SF commercial building on approx. 0.57 acres in Greenwood
- 120 ft of frontage along Fry Road, a primary east‑west corridor
- More than 16,000 vehicles pass the property daily for strong traffic exposure
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.0k | $19.80 |
| − Vacancy | −$16.1k | −$2.97 |
| EGI | $91.0k | $16.83 |
| − OpEx | −$22.7k | −$4.21 |
| NOI | $68.2k | $12.62 |
5,405 SF · lease $19.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$974.6K
$852.8K – $1.14M
NOI $68,225 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$920.5K
$805.4K – $1.07M
NOI $64,435 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,344 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Master Key Greenwood
Hardware & Home Improvement
Celebrate Life Child ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Kid City USA- South point — 8830 Southpointe Dr, Indianapolis, IN 46227
- Academy of Learning — 8830 Southpointe Dr, Indianapolis, IN 46227
- Madison KinderCare — 8829 Madison Ave, Indianapolis, IN 46227
- Celebrate Life Child Care Center — 730 Fry Rd, Greenwood, IN 46142
- Concordia Lutheran Preschool — 305 N, Howard Rd, Greenwood, IN 46142
FAQs
What type of property is this?
Day care center - Highly visible building with extensive Fry Road frontage and an on-site parking lot for flexible office, medical, or retail use.
Where is this day care center located?
The property is located at 730 FRY RD Greenwood, IN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 5,405 SF commercial building on approx. 0.57 acres in Greenwood; 120 ft of frontage along Fry Road, a primary east‑west corridor; More than 16,000 vehicles pass the property daily for strong traffic exposure
