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Property profile & analytics
FOR LEASE
Outlet malls

1807 N Broadway St Greensburg, IN 47240

89,912 SF 9.29 ac lot Built 1994
Entity Owned 6-yr Hold Free & Clear
Property ID
US31-1613778
Property summary
AI-generated overview

This Greensburg, Indiana retail center, located at 1807 N Broadway St, 47240, offers a unique investment opportunity. The property, totaling 14,863 square feet, sits on 0.6 to 1 acre of land and is currently 100% vacant. The flexible space allows for multiple configurations, with a minimum divisible unit of 1,200 square feet and a maximum contiguous space of 9,545 square feet. The property's strategic location on State Route 3, just half a mile from Interstate 74, ensures high visibility and accessibility. The surrounding area boasts a strong retail presence, including established businesses such as Rural King, Culver's, Wendy's, Walmart, ALDI, and Tractor Supply Co. Furthermore, the property benefits from a robust local economy, with Honda Manufacturing, employing over 3,000 people, situated only 5 miles away. The average household income within a 10-mile radius is $66,000, indicating a strong consumer base. This property presents a compelling opportunity for businesses seeking high-traffic exposure in a thriving community. The property is zoned for retail, restaurant, and land use. The Decatur County location provides access to a significant population base. The available space is highly adaptable to various retail concepts, offering up to 13,663 square feet of combinable contiguous space. This includes options for 9,545 square feet and 4,118 square feet.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Construction TYPE NOT SPECIFIED
Total area 89,912 SF
Lot 9.29 ac (404,672 SF)
APN 16-06-35-420-003.000-016
UPID US31-1613778
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M
Owner & transaction history
Gwm Real Estate LLC · 6 yrs held
Gwm Real Estate LLC
since 2020
3 recorded transactions
2020
Price N/A
2020
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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