7183 Us Highway 40Greenfield, IN 46140

Property Details for 7183 Us Highway 40

Lot size

11.06 AC

Property size (Sq ft)

10,608 SF

Property type

Investment properties

Property subtype

Other retail properties

Description

This exceptional mixed-use investment opportunity encompasses a substantial 11.06-acre portfolio situated along the bustling US Highway 40 in Greenfield, Indiana. The property comprises five buildings totaling 10,608 square feet, strategically divided across four parcels (APN: 30-09-02-400-010.000-015). The portfolio includes a diverse range of uses, catering to both residential and commercial tenants. Currently, three tenants generate a combined monthly income of approximately $6,800, excluding potential agricultural land rental income. The property's zoning permits mixed uses, offering flexibility for future development or expansion. One parcel includes a currently leased residential building (7183 W US Hwy 40), while another houses a retail storefront (7183 W US Hwy 40), currently operating as a hair salon. Two additional parcels, totaling 9.06 acres, are designated as agricultural land (7181 W US Hwy 40), presenting further income potential. This prime location on US Highway 40 ensures high visibility and accessibility, making it an attractive investment for both seasoned and emerging investors seeking a diversified income stream and significant growth potential. The asking price is $3,990,000, translating to a price per square foot of $376.13. This is a rare opportunity to acquire a well-established, multi-tenant property with significant upside potential in a thriving Indiana market.

Location Insight

City

Greenfield

County

Hancock

State

Indiana

Latitude

39.7771

Longitude

-85.9375

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