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    1022 State St Greenfield, IN 46140

    For Sale
    $799,000

    0.7-acre prime commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 0.7-acre commercial lot in Greenfield, Indiana, presents a unique investment opportunity. Located at 1022 N State St, Greenfield, IN 46140, this property is ideally suited for a variety of uses, including bank, medical office, or restaurant development. The site benefits from its location in Hancock County, Indiana's fastest-growing county in 2023, experiencing a remarkable 3.7% population growth. This robust growth is evidenced by the recent influx of national retail chains, such as Chick-fil-A, Chipotle, Panera Bread, Olive Garden, Panda Express, and Starbucks (with two locations, one expanding). The property is situated within a thriving retail corridor, boasting established businesses like Walmart, Home Depot, Kroger, Aldi, Tractor Supply, Bealls, and Great Lakes Ace Hardware. Furthermore, its proximity to Hancock Regional Hospital, a 113-bed facility employing over 600 people and serving as the region's primary hospital, adds significant value and potential for synergy. The asking price for this exceptional property is $799,000. This presents a compelling opportunity to capitalize on Greenfield's dynamic growth and establish a successful business in a high-demand location.

    Property Features for 1022 State St

    General Information

    Property type
    Restaurants
    Lot Size
    30,492 SF

    HighLights

    • 0.7‑acre commercial lot in Greenfield, Indiana, at 1022 N State St, priced at $799,000.
    • Greenfield, IN, located in Hancock County, experienced 3.7% population growth in 2023, the fastest in Indiana.
    • Strong retail presence with recent additions of Chick‑fil‑A, Chipotle, Panera Bread, Olive Garden, Panda Express, and two Starbucks locations, plus existing retailers like Walmart, Home Depot, Kroger, and more.
    • Proximity to Hancock Regional Hospital, a 113‑bed facility employing over 600 people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Hancock
    State
    Indiana
    Longitude
    -85.7699488
    Latitude
    39.7972709

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    FAQs

    What type of property is this?
    Restaurant - 0.7-acre prime commercial lot
    Where is this restaurant located?
    The property is located at 1022 State St Greenfield, IN.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 0.7-acre commercial lot in Greenfield, Indiana, at 1022 N State St, priced at $799,000.; Greenfield, IN, located in Hancock County, experienced 3.7% population growth in 2023, the fastest in Indiana.; Strong retail presence with recent additions of Chick-fil-A, Chipotle, Panera Bread, Olive Garden, Panda Express, and two Starbucks locations, plus existing retailers like Walmart, Home Depot, Kroger, and more.
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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
    1022 State St Greenfield, IN 46140
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