Property Details for 2311 State Road 3

Year built

2003

Lot size

0.86 lot acres

Property size

8,320 SF

Property type

Commercial real estate

Description

This exceptional commercial property, situated on 0.86 acres at 2311 N State Road 3 in Greensburg, Indiana, presents a lucrative investment opportunity. Conveniently located approximately halfway between Cincinnati and Indianapolis, this high-traffic location boasts excellent visibility, being the second building from the exit ramp heading eastbound. The property comprises a total of 8,320 square feet, divided into two distinct units. The front unit, encompassing 3,120 square feet, is currently leased to an urgent care facility under a lease with nearly 1.5 years remaining. This area has undergone recent renovations. The building features a new rubber roof installed within the past year. The rear unit, offering approximately 5,200 square feet of versatile space suitable for warehouse, storage, office, or retail use, is under a three-year lease commencing November 2024. Both units command highly marketable rental rates. The property includes two convenient dock areas—a loading dock with a 12-foot truck well and an overhead delivery door. The ceiling height is approximately 17 feet, providing ample vertical space. Multiple entrances are available from the side and rear. Two restrooms are located in the rear unit. Ample parking is available in the front, sides, and rear of the building. The property benefits from a prime location near a stoplight, with a hotel and restaurant situated on either side, ensuring high visibility and foot traffic.

Location Insight

City

Greensburg

County

Decatur

State

Indiana

Longitude

-85.4804

Latitude

39.3593