Highly Visible Retail and Office
730 Fry Road, Greenwood, IN 46142
New
Retail - Greenwood, IN
Type:Retail
Property size:
5,405 SFLot size:
0.57 AcresPrice / SF:
$147/SF- Added:
- May 29, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 2 at 11:06 pm
Property Features for 730 Fry Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- CL
- Standard status
- Active
- APN
- 410230014004000026
- Size
- 5,405 SF
- Lot size
- 0.57 Acres
Building Details
- Year built
- 1980
- Architectural style
- Other
Listing agent Keith Turnbill License #RB14035185 (317) 298-0961
Listing office RE/MAX Advanced Realty Airport Pkwy Ste 140, Indianapolis, IN (317) 298-0961
Listing date May 29, 2026
MLS# 22105650
Listing URL
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5,405‑square‑foot commercial building built in 1980 on approximately 0.57 acres
- 120 feet of frontage along Fry Road with strong traffic exposure
- More than 16,000 vehicles pass the property daily
- Most recently operated as a daycare facility with a functional layout for similar uses
- Existing parking lot provides customer and employee access
- Excellent ingress and egress along Fry Road
Overview
The property is a 5,405-square-foot commercial building on approximately 0.57 acres, offering a functional layout previously operated as a daycare facility. With an existing parking lot, the site supports convenient customer and employee access, and the building’s flexible configuration can accommodate a range of business types, including educational services, medical or professional office use, retail, wellness, or other commercial applications.
Positioned in the heart of Greenwood, the property benefits from approximately 120 feet of frontage along Fry Road, a primary east-west corridor. The location has strong visibility with more than 16,000 vehicles passing daily, and the site is served by excellent ingress and egress directly from Fry Road. The surrounding area includes established residential neighborhoods, schools, retail centers, and ongoing commercial development.
Given the combination of prominent frontage, convenient parking, and an interior layout that can transition between service, education, medical, office, and retail uses, this property is well-suited for an operator seeking a highly visible Greenwood location with practical on-site accommodations.
Positioned in the heart of Greenwood, the property benefits from approximately 120 feet of frontage along Fry Road, a primary east-west corridor. The location has strong visibility with more than 16,000 vehicles passing daily, and the site is served by excellent ingress and egress directly from Fry Road. The surrounding area includes established residential neighborhoods, schools, retail centers, and ongoing commercial development.
Given the combination of prominent frontage, convenient parking, and an interior layout that can transition between service, education, medical, office, and retail uses, this property is well-suited for an operator seeking a highly visible Greenwood location with practical on-site accommodations.
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 Profile
Location Intelligence
Current Use by Public Records
Master Key Greenwood
Hardware & Home Improvement
Celebrate Life Child ...
Daycare Center
Similar Places Nearby
- Kid City USA- South point — 8830 Southpointe Dr, Indianapolis, IN 46227
- Academy of Learning — 8830 Southpointe Dr, Indianapolis, IN 46227
- PixieCare Home Daycare LLC — 276 concord way, greenwood, in 46142
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.124037
- Latitude
- 39.628553
Nearby Similar for Sale
FAQs
What type of property is this?
Day care center - Retail- and office-ready building with strong roadway frontage, parking, and flexible space previously used as a daycare.
Where is this day care center located?
The property is located at 730 Fry Road 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‑square‑foot commercial building built in 1980 on approximately 0.57 acres; 120 feet of frontage along Fry Road with strong traffic exposure; More than 16,000 vehicles pass the property daily
