2215 In-3 Greensburg, IN 47240
This exceptional 14,490-square-foot vacant storefront presents a compelling redevelopment opportunity. Situated on a sizable 1.76-acre lot in Greensburg, Indiana, this 2005-built property boasts a prime retail location. The single-story building enjoys high visibility and accessibility due to its signalized hard corner location on State Road 3 (5,200+ vehicles per day) and strategic proximity to Interstate 74 (8,900+ vehicles per day), ensuring regional access. Benefit from the consistent traffic generated by its adjacency to a Walmart Supercenter, guaranteeing substantial exposure to a large customer base. This location is part of a thriving commercial corridor, surrounded by established businesses including Starbucks, Chili's, Dairy Queen, Harbor Freight, and McDonald's. The property's size and location within Greensburg (population 26,432+), positioned between Indianapolis and Cincinnati, offer significant potential for various retail developments. This is a rare chance to acquire a substantial parcel with considerable flexibility for future development in a high-traffic area. The asking price is $3,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.