1261 State St 1295, Greenfield, IN 46140-1056
This exceptional investment opportunity presents a 11,757 square foot, Class B retail center located at 1261-1267 N. State St., Greenfield, Indiana, 46140. Currently 100% occupied, the property features a diverse tenant mix including Subway, Greenfield Chiropractic, Liberty Tax, and Shining Stars Child Academy, demonstrating strong existing income streams. The property is classified as Office, Retail, and specifically as QSR/Fast Food, Restaurant, and Storefront. Its institutional investment type makes it an attractive option for portfolio diversification. The strategic location on State Street in Greenfield, Indiana offers excellent visibility and accessibility, with convenient proximity to I-70, ensuring high traffic flow and customer reach. The surrounding area boasts a vibrant mix of local businesses and national retailers, creating a thriving commercial environment. Furthermore, its proximity to amenities such as Greenfield Plaza and Riley Park, and Hancock Regional Hospital, enhances its appeal and potential for future growth. This unique strip center presents a compelling opportunity for investors seeking a stable, high-occupancy property in a rapidly growing area. The asking price for this exceptional property is $1,800,000.
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
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.