Restaurant Ground Lease Opportunity

874 S State Rd 135 Greenwood, IN 46143

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For Sale
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Restaurant property for sale in a desirable location.

Type:Retail
Property size:
5,098 SF
Price / SF:
$352/SF
Added:
Mar 4, 2026
Days on Market:
130
Last Refresh:
Jun 26 at 9:50 am

Property Features for 874 S State Rd 135

General Information

Standard status
Active
Size
5,098 SF
Property subtype
Retail

Building Details

Year Built
2004

Listing office SVN | Commercial Realty Advisors, Inc.

Listing date Mar 4, 2026

Source Crexi

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 SVN | Commercial Realty Advisors, Inc.


Investment Insights

Based on property information with market context.

This commercial real estate offering features a restaurant property with a size of 5098 square feet. The property is currently occupied by an Applebee's restaurant. This is a ground lease opportunity in a desirable location.

Key Highlights

  • Generational location
  • Ground lease opportunity
  • Leased to Applebee's

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Big Box & Wholesale Store Catering Service Acupuncture Furniture & Home Goods Plumbing Service HVAC Service Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Restaurant property for sale in a desirable location.
Where is this conventional restaurant located?
The property is located at 874 S State Rd 135 Greenwood, IN.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Generational location; Ground lease opportunity; Leased to Applebee's
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