243 Madison Ave Greenwood, IN 46142
- Retail properties
- 5,234 SF
- 1.88 lot acres
Current Use by Public Records
- VeLOX Express Indianapolis / Logistics Service / Courier Service
- Velox Express / Trucking Company
- Courtney Jeanette Photography / Photographer
- Dashboard Food Truck & Catering / Restaurant
- Folktale Event Center / Event Venue / Live Music Venue
Property Details for 243 Madison Ave
- Year built
- 1850
- Lot size
- 1.88 lot acres
- Property size
- 5,234 SF
- Property type
- Retail properties
Description
This exceptional 5,234 square foot retail property, situated on a generous 1.88-acre lot, presents a rare opportunity in the heart of Greenwood's vibrant Old Town riverfront district. Constructed around 1850, this iconic building has undergone a complete and meticulous rehabilitation. Improvements include a brand-new roof, a state-of-the-art HVAC system, over 100 newly installed windows, and fully updated electrical and plumbing systems. The property also boasts a powerful generator for reliable power, a substantial 140' x 80' concrete pad perfectly suited for outdoor events, and a large dining tent equipped with electricity. A sizable basement provides ample storage space. Its prime location offers significant potential for a variety of uses, including an event center, a charming bed and breakfast, continued use as retail or office space, or even redevelopment into a multifamily residential complex. This is a unique chance to acquire a piece of Greenwood's rich history and capitalize on the continued growth of Old Town. The asking price is $2,399,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.10883
- Latitude
- 39.61295
