Office Building with Walk-Out Lower
For Sale
$1,299,000
821 N State Road 135, Greenwood, IN 46142
CM-zoned property combines an existing medical tenancy with office areas available on the first and third floors.
Property Size25,265 SF
Price / SF$51.42
Days on Market128
Property Features for 821 N State Road 135
General Information
Standard status
Active
Size
25,265 SF
Property subtype
Commercial
Zoning
CM
Additional Details
Gross Income
$75,600
Building Details
Building Size
25,265 SF
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Jun 19
Changed: Oct 22
Last Checked: Oct 22 at 2:18PM
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 Batts Real Estate Group
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Investment Insights
Based on property information with market context.
The 8,500-square-foot office building has three stories and a walk-out lower level with rear grade-level access and natural light. A medical clinic occupies the second floor, and one room on the third floor is leased. Additional space on the first and third floors is available for lease. The seller is coordinating a planned elevator installation connecting the first floor and lower level. The property is in Greenwood, Indiana, and is zoned CM.
Key Highlights
- 8,500 SF office building across three stories
- Walk‑out lower level with rear grade‑level access and natural light
- Second floor leased to a medical clinic; one third‑floor room is also leased
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - CM-zoned property combines an existing medical tenancy with office areas available on the first and third floors.
Where is this office building located?
The property is located at 821 N State Road 135 Greenwood, IN.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 8,500 SF office building across three stories; Walk‑out lower level with rear grade‑level access and natural light; Second floor leased to a medical clinic; one third‑floor room is also leased
