1021 Indianapolis Rd, Unit 1023 Greencastle, IN 46135-2407
- Strip malls
- 20,250 SF
- 2.15 lot acres
Current Use by Public Records
- Rescued Treasures Thrift Store / Thrift Store
- Wabash Valley Goodwill / Thrift Store
- Greencastle Plaza / Shopping Mall
Property Details for 1021 Indianapolis Rd
- Year built
- 1957
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.15 lot acres
- Property size
- 20,250 SF
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 67-09-15-403-015.000-008
- APU
- 670915403015000008
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $695,000
- 6.5%
- $710,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $730,000
- Retail
- $685,000
- Mixed-Use
- $715,000
- Hospitality
- $575,000
- Educational
- $760,000
- Residential Income
- $780,000
- Energy
- $585,000
- Income-Based Land
- $650,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Greencastle
- County
- Putnam
- State
- Indiana
- Longitude
- -86.8385
- Latitude
- 39.6471
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
