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    1022 State St Greenfield, IN 46140

    Sponsored
    For Lease
    Contact for pricing

    Prime Greenfield location, build-to-suit restaurant opportunity.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional build-to-suit opportunity presents a unique chance to establish a restaurant in Greenfield, Indiana, a thriving community experiencing significant growth. The site encompasses 0.7 acres of land located at 1022 N State St, Greenfield, IN 46140, offering flexible building sizes ranging from 1,200 to 8,000 square feet. This single-tenant property is ideally situated within a robust retail corridor, boasting a strong concentration of national and regional retailers. Nearby establishments include Walmart, Home Depot, Kroger, Aldi, Tractor Supply, Bealls, and Great Lakes Ace Hardware, ensuring high visibility and substantial foot traffic. The location's proximity to Hancock Regional Hospital, a major regional healthcare provider with over 600 employees, further enhances its appeal. Greenfield itself is experiencing remarkable population growth, having been the fastest-growing county in Indiana in 2023, with a 3.7% increase. This surge in population is reflected in the recent influx of national restaurant chains, including Chick-fil-A, Chipotle, Panera Bread, Olive Garden, Panda Express, and Starbucks (with two locations, one of which is expanding). This prime location offers unparalleled potential for a successful restaurant venture in a dynamic and rapidly expanding market. The build-to-suit nature of this property allows for complete customization to meet specific business needs and design preferences.

    Property Features for 1022 State St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF

    Unit(s) available at that property

    Space
    Size
    8,000 SF

    HighLights

    • Greenfield, Indiana, county seat of Hancock County, experienced 3.7% population growth in 2023, the fastest in the state.
    • Recent Greenfield retail additions include Chick‑fil‑A, Chipotle, Panera Bread, Olive Garden, Panda Express, and two Starbucks locations (one relocated, one new).
    • Strong retail presence includes Walmart, Home Depot, Kroger, Aldi, Tractor Supply, Bealls, and Great Lakes Ace Hardware.
    • Proximity to Hancock Regional Hospital, a 113‑bed facility employing over 600.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 - Prime Greenfield location, build-to-suit restaurant opportunity.
    Where is this restaurant located?
    The property is located at 1022 State St Greenfield, IN.
    What are key features of this property?
    This property features: Greenfield, Indiana, county seat of Hancock County, experienced 3.7% population growth in 2023, the fastest in the state.; Recent Greenfield retail additions include Chick-fil-A, Chipotle, Panera Bread, Olive Garden, Panda Express, and two Starbucks locations (one relocated, one new).; Strong retail presence includes Walmart, Home Depot, Kroger, Aldi, Tractor Supply, Bealls, and Great Lakes Ace Hardware.
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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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