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    497 Chaney Ave Greenwood, IN 46143

    Sponsored
    For Lease
    $7 SF/Yr

    241,800 SF Distribution Facility - Space Available

    Lot size:
    241,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 241,800-square-foot modern industrial distribution center, built in 2019, presents a significant opportunity. The single-story building boasts a 32-foot clear height, providing ample space for efficient operations. Currently, 53,940 square feet is available for lease, with occupancy commencing January 1, 2025. Situated on 16.2 acres in Johnson County, this property offers unparalleled access to major transportation arteries. It's conveniently located approximately one mile from I-65, providing seamless connectivity to I-465 and I-70. Furthermore, its proximity to FedEx and the Indianapolis International Airport streamlines logistics. The property features ample on-site auto parking for employees and visitors. A significant advantage is the existing 10-year real estate tax abatement, offering substantial cost savings. The location benefits from a strong workforce pool, making it an ideal choice for businesses seeking a strategic and cost-effective distribution hub. This property is perfect for businesses needing immediate access to major transportation routes and a strong local workforce. The building's modern design and ample space make it an attractive option for a variety of distribution needs.

    Property Features for 497 Chaney Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    241,800 SF
    Total Rate
    146087.5

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    53,940 SF
    Rate per SF
    $7

    HighLights

    • 241,800 SF modern industrial distribution facility.
    • 53,940 SF available for lease, available January 1, 2025.
    • 32' clear height.
    • ~1 mile to I‑65, with convenient access to I‑465, I‑70, FedEx, and Indianapolis International Airport.
    • Ample on‑site parking.
    • 10‑year real estate tax abatement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.06764
    Latitude
    39.620189

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    FAQs

    What type of property is this?
    Distribution property - 241,800 SF Distribution Facility - Space Available
    Where is this distribution property located?
    The property is located at 497 Chaney Ave Greenwood, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 241,800 SF modern industrial distribution facility.; 53,940 SF available for lease, available January 1, 2025.; 32' clear height.
    Request Owner's contact information
    497 Chaney 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
    497 Chaney Ave Greenwood, IN 46143
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