1487 State St Greenfield, IN 46140
This exceptional 19.69-acre commercial land parcel presents a unique investment opportunity in Greenfield, Indiana. Located at 1487 N State St, 46140, this property boasts a highly desirable location on the North State Street corridor, south of I-70, representing the last undeveloped site in this area. The land offers a blend of wooded and high ground, sloping down to include a portion of Brandywine Creek at the rear. The property is divided into two sections: a 12.353-acre parcel with direct frontage on State Street, and a 7.34-acre parcel situated west of the creek within the floodway. Currently zoned "COMMERCIAL NORTH" by the city, this versatile zoning allows for a wide range of development options, including mixed-use projects, retail spaces, assisted living facilities, restaurants, and automotive businesses. This prime location and flexible zoning make this an exceptional opportunity for developers seeking a high-impact commercial project in a thriving Indiana community. The asking price for this significant land parcel is $1,200,000.
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.
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.