Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7183 Us Highway 40 Greenfield, IN 46140

    Sponsored
    For Sale
    $3,990,000

    Greenfield, IN: Multi-tenant income property

    Property size:
    10,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity encompasses a substantial 11.06-acre portfolio situated along the bustling US Highway 40 in Greenfield, Indiana. The property comprises five buildings totaling 10,608 square feet, strategically divided across four parcels (APN: 30-09-02-400-010.000-015). The portfolio includes a diverse range of uses, catering to both residential and commercial tenants. Currently, three tenants generate a combined monthly income of approximately $6,800, excluding potential agricultural land rental income. The property's zoning permits mixed uses, offering flexibility for future development or expansion. One parcel includes a currently leased residential building (7183 W US Hwy 40), while another houses a retail storefront (7183 W US Hwy 40), currently operating as a hair salon. Two additional parcels, totaling 9.06 acres, are designated as agricultural land (7181 W US Hwy 40), presenting further income potential. This prime location on US Highway 40 ensures high visibility and accessibility, making it an attractive investment for both seasoned and emerging investors seeking a diversified income stream and significant growth potential. The asking price is $3,990,000, translating to a price per square foot of $376.13. This is a rare opportunity to acquire a well-established, multi-tenant property with significant upside potential in a thriving Indiana market.

    Property Features for 7183 Us Highway 40

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,608 SF
    Lot Size
    481,774 SF

    Building Details

    Buildings
    5
    Units
    3

    HighLights

    • Four‑parcel portfolio totaling approximately 11 acres on US‑40.
    • One‑acre retail parcel (7173, 7175, 7177 W US 40) with existing hair salon tenant.
    • Nine‑acre agricultural parcel (7181 W US 40).
    • 0.539‑acre residential parcel (7183 W US 40) currently leased.
    • 0.461‑acre retail parcel (7183 W US 40) with small shop tenant.
    • Approx. $6,800 monthly income from existing tenants (excluding agricultural land).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    HVAC Service Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.9375434
    Latitude
    39.7770898

    Nearby Similar for Sale

    • $340,000
      2,528 SF

      Mixed-Use Investment Opportunity

      Versatile property with commercial space and updated apartments in Greenfield.
      421 N State St, Greenfield, IN 46140
      View Details
    • $340,000
      0.31 Acres

      Greenfield Triplex Investment Opportunity

      Commercial space and two updated apartments in a high-visibility location.
      421 N State St, Greenfield, IN 46140
      View Details
    • $359,400
      0.17 Acres

      Restored Duplex in Greenfield, Indiana

      Restored duplex in prime location near downtown Greenfield attractions.
      433 W Main St, Greenfield, IN 46140
      View Details
    • $160,000
      0.14 Acres

      Greenfield Duplex: Investment Opportunity

      Duplex in Greenfield, Indiana, with income potential and renovation opportunity.
      507 S Pennsylvania St, Greenfield, IN 46140
      View Details
    • $4,500,000
      39,097 SF

      Greenfield Shopping Center with Auto Repair

      Well-known shopping center with auto repair shop on 5.1 acres.
      1244 W Main St, Greenfield, IN 46140
      View Details
    • $789,000

      Greenfield Commercial Property with Living

      Versatile commercial property with office, living space, and barns.
      3542 W Us Highway 40, Greenfield, IN 46140
      View Details
    • $2,998,336
      2,164 SF

      High-Traffic Retail Property For Sale

      Retail property with drive-thru, located near I-70 and State St.
      2732 N State St, Greenfield, IN 46140
      View Details
    • $600,000
      3,600 SF

      Two-Story Office Building For Sale

      Two-story office building with flexible floor plans and ample parking.
      1105 West Main St, Greenfield, IN 46140
      View Details
    • $6,377,592
      33,090 SF

      Fully Leased Retail Center

      Fully leased retail center near Hancock Health Hospital.
      1029-1051 N State St, Greenfield, IN 46140
      View Details
    • $1,500,000
      7,800 SF

      Multi-Tenant Retail Building For Sale

      7,800 SF retail building with existing tenants in Greenfield, IN.
      1789-1798 Melody Ln, Greenfield, IN 46140
      View Details
    • $498,900

      Spacious Custom Brick Condo

      Large Greenfield condo with open floorplan and finished lower level.
      1761 Walnut Trce, Greenfield, IN 46140
      View Details
    • Contact for pricing
      50,000 SF

      50,000 SF Industrial Building

      50,000 SF industrial building with I-70 access and tax abatement.
      2070 Royal Dr, Greenfield, IN 46140
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Greenfield, IN: Multi-tenant income property
    Where is this individual retail property located?
    The property is located at 7183 Us Highway 40 Greenfield, IN.
    What is the asking price?
    The asking price for this property is $3,990,000.
    What are key features of this property?
    This property features: Four-parcel portfolio totaling approximately 11 acres on US-40.; One-acre retail parcel (7173, 7175, 7177 W US 40) with existing hair salon tenant.; Nine-acre agricultural parcel (7181 W US 40).
    Request Owner's contact information
    7183 Us Highway 40 Greenfield, IN 46140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7183 Us Highway 40
    Greenfield, IN 46140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7183 Us Highway 40 Greenfield, IN 46140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.