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    2 Madison Ave Greenwood, IN 46142

    Sponsored
    For Lease
    $16 SF/Yr

    Historic building, flexible spaces, prime location.

    Lot size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 18,000-square-foot, two-story Class B office building in Greenwood, Indiana, offers a unique opportunity for businesses seeking flexible and adaptable workspace. Located at 2 N Madison Ave, 46142, this historically significant property underwent a complete renovation in 2016, blending its charm with modern amenities. Currently, the building is fully vacant and available for lease, offering spaces ranging from 150 square feet to the entire 18,000 square feet. The building features a variety of spaces suitable for traditional office, medical office, creative office, coworking, or executive office uses, as well as training facilities. Amenities include multiple meeting rooms, collaboration areas, central reception areas, break rooms/kitchens, and a unique open atrium event space with a catering kitchen. The building's zoning is commercial, and it includes one hydraulic elevator. Its prime location in the heart of old town Greenwood offers easy access to popular restaurants, breweries, distilleries, banks, and retail shops. The owner offers flexibility in designing and modifying the space to meet specific tenant needs. This property presents a rare chance to establish a presence in a vibrant and convenient location.

    Property Features for 2 Madison Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Class
    B
    Total Rate
    24750

    Building Details

    Year Built/Renovated
    1920/2016
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    9,056 SF
    Rate per SF
    $23
    Space
    Size
    18,000 SF
    Rate per SF
    $21
    Space
    Designer Office Suite
    Size
    3,365 SF
    Rate per SF
    $22

    HighLights

    • High ceilings and flexible floor plans create bright, spacious, multi‑use areas ideal for business expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Old Town Atrium Event Venue Cornerstone Autism Center Child Health Care Centre Elle Scanlan Psychologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1108813
    Latitude
    39.6156695

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    FAQs

    What type of property is this?
    Coworking space - Historic building, flexible spaces, prime location.
    Where is this coworking space located?
    The property is located at 2 Madison Ave Greenwood, IN.
    What is the lease rate?
    The lease rate is $21-$23 SF/Yr.
    What are key features of this property?
    This property features: High ceilings and flexible floor plans create bright, spacious, multi-use areas ideal for business expansion.; ;
    Request Owner's contact information
    2 Madison Ave 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
    2 Madison Ave Greenwood, IN 46142
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