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    Property profile & analytics

    2 Madison Ave Greenwood, IN 46142

    • Office Properties & Spaces
    • 18,360 SF
    • 0.43 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US31-0861187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Old Town Atrium / Event Venue
    • Cornerstone Autism Center / Child Health Care Centre
    • Elle Scanlan / Psychologist

    Property Details for 2 Madison Ave

    Year built
    1920
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.43 lot acres
    Property size
    18,360 SF
    Property type
    Office Properties & Spaces
    APN
    41-02-32-024-055.000-026
    APU
    410232024055000026

    Description

    This 18,000-square-foot, two-story Class B office building in Greenwood, Indiana, offers a unique opportunity for businesses seeking flexible and adaptable workspace. Located at 2 N Madison Ave, 46142, this historically significant property underwent a complete renovation in 2016, blending its charm with modern amenities. Currently, the building is fully vacant and available for lease, offering spaces ranging from 150 square feet to the entire 18,000 square feet. The building features a variety of spaces suitable for traditional office, medical office, creative office, coworking, or executive office uses, as well as training facilities. Amenities include multiple meeting rooms, collaboration areas, central reception areas, break rooms/kitchens, and a unique open atrium event space with a catering kitchen. The building's zoning is commercial, and it includes one hydraulic elevator. Its prime location in the heart of old town Greenwood offers easy access to popular restaurants, breweries, distilleries, banks, and retail shops. The owner offers flexibility in designing and modifying the space to meet specific tenant needs. This property presents a rare chance to establish a presence in a vibrant and convenient location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1108
    Latitude
    39.6157
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,175
    $309,300
    $732,700
    $1,042,000
    -
    $309,300
    $732,700
    $1,042,000

    Comparable in this City

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      698 Oldfield Cmns Dr

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      10,348 SF

      1672 Stonegate Dr

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      313 Western Blvd

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      840 SF

      325 Wiley St

      OFFICE (GENERAL) • 840 SF
      325 Wiley St, Greenwood, IN 46142-3556
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    2 Madison Ave
    Greenwood, IN 46142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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