1000 Us 31 Greenwood, IN 46143
This exceptional mixed-use property, located at 1000 US 31 S in Greenwood, Indiana (46143), presents a compelling owner/user investment opportunity. The 12,293 square foot building, constructed in 2016, boasts a blend of medical office and retail space, perfectly suited for a variety of uses. Situated on a 1.53-acre lot (APN: 41-05-05-013-007.000-026), the property benefits from ample parking and excellent signage opportunities. Its C-1 zoning ensures flexibility for future development. The asking price is $2,500,000, translating to $203.37 per square foot. This prime location is just one block south of Smith Valley Rd, in one of the fastest-growing areas of the Indy-Metro region, and is blocks from the new $83 million "The Madison" development, featuring over 400 residences, shopping, and restaurants. This investment is ideally positioned within Greenwood's revitalized downtown area, offering significant long-term potential. The property's high visibility and proximity to this major development project make it an attractive investment for both owner-occupiers and investors seeking strong returns.
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
Physical attributes from public recordsZoning & alternative use
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.