120 Pennsylvania St, Greenfield, IN 46140-2477
This exceptional Greenfield, Indiana warehouse presents a compelling investment opportunity. Located at 120 S Pennsylvania St, this multi-tenant property boasts 4,230 square feet of space, ideal for retail or storage uses. Built in 1971, the building sits on a 0.26-acre lot and offers a strong net operating income (NOI) of $62,011, translating to an attractive 7.52% capitalization rate. The asking price is $825,000. Its prime location directly adjacent to The Depot Street Park provides excellent visibility and benefits from the park's numerous community events, including street festivals, concerts, and family movie nights. This high-traffic area ensures strong potential for tenant occupancy and future growth. The property's strategic position also presents exciting redevelopment possibilities for those seeking to capitalize on Greenfield's downtown revitalization. This is a rare chance to acquire a well-performing income-producing asset with significant upside potential in a thriving Indiana community. The property is zoned for industrial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.