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    9 American Legion Pl Greenfield, IN 46140

    Sponsored
    For Sale
    $525,000

    Historic building, high occupancy, owner financing potential.

    Property size:
    8,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 8,608 square foot executive office building presents a unique investment opportunity in Greenfield, Indiana's vibrant downtown. Located at 9 American Legion Place, this two-story, Class C building boasts a prime location, steps from the courthouse and courthouse annex, with easy access to local shops, restaurants, and the Pennsy Trail. Built in 1919, the property sits on a 0.1-acre lot (APN: 301105101019000009) and is zoned DT. Currently operating at 100% occupancy, the building features a single tenancy with a NNN lease type. The main level offers four main offices, a conference room, six cubicles, a break room/kitchen, and an open work area. The second floor includes a separate break room, bathrooms, cubicles, an open work area, storage, and additional offices. Each level has its own private entrance, offering flexibility for multi-tenant use. The unfinished third level presents significant potential for conversion into a residential unit (apartment/townhouse), adding substantial value. The asking price is $525,000, and owner financing may be available. This property offers a blend of historic charm and modern functionality, making it an ideal investment for discerning buyers.

    Property Features for 9 American Legion Pl

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,608 SF
    Class
    C
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1919
    Stories
    2

    HighLights

    • 8,608 SF executive office building in Greenfield, IN's downtown.
    • Prime location near courthouse, shops, and Pennsy Trail.
    • Two‑story Class C building on a 0.1‑acre lot (APN: 301105101019000009), zoned DT.
    • 100% occupancy with a single tenant under a NNN lease.
    • Unfinished third floor with potential for residential conversion.
    • Asking price: $525,000; owner financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.7681464
    Latitude
    39.784871

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, high occupancy, owner financing potential.
    Where is this office property / space located?
    The property is located at 9 American Legion Pl Greenfield, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 8,608 SF executive office building in Greenfield, IN's downtown.; Prime location near courthouse, shops, and Pennsy Trail.; Two-story Class C building on a 0.1-acre lot (APN: 301105101019000009), zoned DT.
    (317) 752-0142
    Request Owner's contact information
    9 American Legion Pl Greenfield, IN 46140
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    Greenfield, IN 46140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9 American Legion Pl Greenfield, IN 46140
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