You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Strip malls

1021 Indianapolis Rd Greencastle, IN 46135

20,250 SF 2.15 ac lot Built 1957
Entity Owned ~ Est. High Equity
Property ID
US31-0617008
Property summary
AI-generated overview

This exceptional commercial property presents a rare investment opportunity in Greencastle, Indiana's thriving business district. Situated on a highly visible section of Indianapolis Road, this 20,250 square foot building sits on a substantial 2.15-acre lot, providing ample space for a variety of commercial uses. The property boasts a well-maintained asphalt parking lot with ample parking spaces and nighttime lighting, ensuring convenient access and visibility for customers and employees. Its strategic location on a major thoroughfare guarantees high traffic volume and excellent exposure for any business. The expansive lot size offers significant potential for future expansion or development, making this property an ideal choice for businesses seeking growth and visibility. The property's size and location make it suitable for a wide range of commercial ventures, from retail and office spaces to light industrial uses. This is a turnkey opportunity to acquire a significant commercial asset in a desirable location with excellent potential for return on investment. The property is ready for immediate occupancy, offering a seamless transition for any new business. Don't miss this chance to secure a prime commercial property in a growing market. Serious inquiries only.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Construction TYPE NOT SPECIFIED
Total area 20,250 SF
Lot 2.15 ac (93,610 SF)
Zoning code ZO01
APN 67-09-15-403-015.000-008
UPID US31-0617008
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rescued Treasures Thrift Store Discount Store
  • Wabash Valley Goodwill Discount Store
  • Greencastle Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k
Owner & transaction history
Wilson Real Estate II LLC
Wilson Real Estate II LLC
since 2026
3 recorded transactions
2026
Price N/A
2025
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Greencastle, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message