Individually Owned 
For Sale
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Property summary
This Greenwood, Indiana mixed-use property presents a compelling investment opportunity. The 4,200 square foot building, constructed in 2000, boasts a desirable C-1 zoning and is situated at 1674 W Smith Valley Rd, conveniently located off Smith Valley Road, north of MedC. Currently operating at 100% occupancy, the property features two units: a daycare/nursery and traditional office space. The single tenant, a local business with a proven track record, has occupied the space for seven years and is under a net lease with 2.9 years remaining (expiring 09/30/2027). The building includes seven offices, a conference room, a file room, two restrooms, and a finished basement. Additional features include a 300 square foot garage on the main floor and ample parking with 15 spaces. The property's strong financials are highlighted by an asking price of $635,000, a price per square foot of $151.19, and an attractive 8.00% cap rate. This two-story Class B building offers a stable income stream and significant potential for long-term growth. The tenant's history of stability and the property's prime location make this an exceptional investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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High School Vocational School
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General Contractor Renovation Specialist
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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