Property profile

1240 State St Greenfield, IN 46140

OFF-MARKET
Retail space
Property ID
US31-1217935
38,714 SF 3.46 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

McKenzie Plaza, located at 1240 N State St, Greenfield, IN 46140, presents a unique opportunity in the thriving Indy - East submarket of Hancock County. This Class A, single-tenant, free-standing retail building boasts a total of 38,714 square feet, with 22,000 square feet currently vacant and readily divisible to suit various business needs. Built in 1988, the property sits on a 3.46-acre lot and features 74 parking spaces, ensuring ample customer convenience. The building's strategic location at the signalized intersection of State Road 9 (SR9) and N State Street provides exceptional visibility and accessibility. Multiple access points via McKenzie Road and State Street/SR9 optimize traffic flow. Currently, successful businesses such as Ace Hardware, McAlister's Deli, and Forum Credit Union are thriving within the plaza, demonstrating the location's strong retail appeal. The property offers a single-story design with no elevators. This exceptional retail space is ready for immediate occupancy and presents a compelling investment opportunity in a high-demand area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 38,714 SF
Lot 3.46 ac (150,761 SF)
APN 30-07-29-403-003.000-009
UPID US31-1217935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1240 State St Greenfield, IN 46140-1055
Greenfield metro Census 410401 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.15M
Blend (final) Blend
$930k

Owner & transaction history

since 2025
3 recorded transactions
2025
$5.9M
2022
Price N/A
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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