Property profile

1261 State St 1295 Greenfield, IN 46140

OFF-MARKET
Retail space
Property ID
US31-0849457
2,432 SF 2.66 ac lot Built 2007
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction WOOD
Total area 2,432 SF
Lot 2.66 ac (115,870 SF)
APN 30-07-29-400-011.000-009
UPID US31-0849457

Cap rate & NOI

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

Location

1261 State St, Unit 1295 Greenfield, IN 46140-1056
Greenfield metro Census 410600 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2021
Price N/A
2016
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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