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Multi-Tenant Retail Strip Mall
For Sale
Contact for pricing
Pending

996 S State Rd 135, Greenwood, IN 46143

Block construction, varied service tenants, and multiple private access points support daily retail operations.

Property Size22,590 SF
Days on Market131

Property Features for 996 S State Rd 135

General Information

Standard status Pending
Size 22,590 SF
Property subtype Retail

Site & Location

Corner Location Yes
Anchor Co-Tenants Walmart, Home Depot
Road Access Yes

Building Details

Construction block
Tenancy Multi
Listing Agency: RE/MAX Advanced Realty
Listed By: Jun Liu · License #RB14039861
Source: Crexi
Added: Apr 24 Changed: Aug 30 Last Checked: Aug 30 at 8:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advanced Realty

Investment Insights

Based on property information with market context.

This 22,590-square-foot retail property is configured as a multi-tenant strip mall with block construction and steel framing. Occupancy includes a mix of service-oriented businesses spanning healthcare, banking, technology, and local retail, creating a varied tenant profile within the center.

The property fronts State Road 135, a major shopping corridor in Greenwood’s Center Grove sub-market. Walmart and Home Depot are located immediately northwest, with shared access drives and a signalized entrance serving the adjoining retail area. Access is provided at a traffic light on State Road 135 and a private road near the northeast corner, along with three (3) additional private entrances from State Road 135 and two (2) private access points from Smith Valley Road.

Key Highlights

  • 22,590‑square‑foot multi‑tenant retail strip mall
  • Block construction with steel framing
  • Tenant mix includes healthcare, banking, technology, and local retail businesses

Property Analytics

Current Use

IU Credit Union Credit Union Guitarworks (Bike/Boat/Book/etc) Store Hope E. Kelly, ... Physician Nicole R. Lawson, ... Medical Clinic Kylee C. Stinson, ... Medical Clinic

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

653
Businesses Nearby
107k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 31% Home Improvements & Furnishings 7% Beauty & Spa 4%
Dollar Tree Shops & Services
20,018 visits/mo 0.4 miles
McAlister's Deli Dining
13,656 visits/mo 0.1 miles
7 Brew Coffee Dining
13,602 visits/mo 0.2 miles
Starbucks Dining
9,323 visits/mo 0.1 miles
PNC Bank Shops & Services
7,744 visits/mo 0.3 miles

Demographics for 46143, IN

62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Block construction, varied service tenants, and multiple private access points support daily retail operations.
Where is this strip mall located?
The property is located at 996 S State Rd 135 Greenwood, IN.
What are key features of this property?
This property features: 22,590‑square‑foot multi‑tenant retail strip mall; Block construction with steel framing; Tenant mix includes healthcare, banking, technology, and local retail businesses
(317) 709-4072 Call to check price and availability
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