151 Byrd Way Greenwood, IN 46143
This exceptional 0.95-acre commercial property in Greenwood, Indiana, presents a unique redevelopment opportunity. Located at 151 Byrd Way, and zoned for commercial use, this prime site offers significant potential for a variety of uses. Its strategic location connects an existing 95% occupied 5.2-acre development at 100-400 Byrd Way with a former hotel site at 1117 E Main Street, creating a compelling opportunity to bridge these properties. The land is priced at $12.08 per square foot, and the asking price for the entire 0.95-acre parcel is $500,000. The property is classified as Class A and is suitable for a range of commercial ventures, including but not limited to, a daycare center or other tertiary uses. The property's APN is 41-02-34-032-015.003-025, and it is available for a 1031 exchange. This is a stabilized investment opportunity with redevelopment potential, making it an attractive addition to any portfolio. The property's proximity to I-65 and Main Street ensures high visibility and accessibility. This is a rare chance to acquire a significant piece of land in a thriving Greenwood location. The property is categorized as Hospitality, Land, Mixed Use, Multifamily, and Retail.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.