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    905 Emerson Ave Greenwood, IN 46143

    Sponsored
    For Lease
    $28 SF/Yr

    New Greenwood medical office, divisible suites.

    Lot size:
    28,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building, located at 905 N Emerson Ave in Greenwood, Indiana, offers 28,800 square feet of brand new, state-of-the-art space. Completed in 2024, this single-story building is situated in the desirable Gateway Parke development in Johnson County, offering unparalleled convenience and visibility. The property is currently fully vacant and available for lease, with flexible options for tenants. Suites are divisible down to a minimum of 2,000 square feet, allowing for customization to meet diverse business needs. The maximum contiguous space available is the entire 28,800 square feet. This prime location boasts immediate proximity to a hospital (within 2 minutes), providing exceptional access to healthcare services and a strong patient base. The surrounding area features high-end retail and restaurants, creating a vibrant and convenient environment for both patients and staff. The building offers a shell delivery, and a tenant improvement allowance of $50 per rentable square foot is available to assist with build-out costs. The property's zip code is 46143, and it is conveniently located near the County Line Road and I-65 Interchange. This is a rare opportunity to secure premium medical office space in a thriving location.

    Property Features for 905 Emerson Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,800 SF
    Class
    A
    Total Rate
    67200

    Building Details

    Year Built
    2024
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    28,800 SF
    Rate per SF
    $28

    HighLights

    • New medical office building offering flexible suites, divisible to 2,000 square feet.
    • State‑of‑the‑art medical office space in a prime Southside location.
    • Excellent adjacency to a major hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0825629
    Latitude
    39.6307375

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    FAQs

    What type of property is this?
    Medical office - New Greenwood medical office, divisible suites.
    Where is this medical office located?
    The property is located at 905 Emerson Ave Greenwood, IN.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: New medical office building offering flexible suites, divisible to 2,000 square feet.; State-of-the-art medical office space in a prime Southside location.; Excellent adjacency to a major hospital.
    Request Owner's contact information
    905 Emerson Ave Greenwood, IN 46143
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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
    905 Emerson Ave Greenwood, IN 46143
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