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    1230 Hwy 31 Greenwood, IN 46142

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    For Lease
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    Large Big Box Retail Space in Greenwood, IN

    Lot size:
    31,346 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents a substantial 31,346 square foot big box space located at 1230 U.S. Hwy 31 N in Greenwood, Indiana, zip code 46142. The property, known as Greenwood Pavilion, is classified as a multi-tenant retail building, offering significant potential for a variety of businesses. The expansive square footage provides ample room for large-scale retail operations, warehousing, or a combination thereof. Its prime location on U.S. Highway 31 North ensures high visibility and accessibility for customers, benefiting from significant daily traffic volume. The building's size and strategic placement make it an ideal location for businesses seeking a strong presence in the Greenwood market. Currently, one large space is available, presenting a unique chance to establish a flagship location or expand existing operations. Interested parties are encouraged to inquire about lease terms and availability. The property's latitude and longitude coordinates are 39.6314213 and -86.12572 respectively. This is a rare opportunity to secure a substantial retail space in a thriving Indiana community. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility.

    Property Features for 1230 Hwy 31

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,346 SF

    Unit(s) available at that property

    Space
    1230
    Size
    31,346 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.12572
    Latitude
    39.6314213

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    FAQs

    What type of property is this?
    Individual retail property - Large Big Box Retail Space in Greenwood, IN
    Where is this individual retail property located?
    The property is located at 1230 Hwy 31 Greenwood, IN.
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    Greenwood, IN 46142
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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
    1230 Hwy 31 Greenwood, IN 46142
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