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Property profile & analytics
FOR SALE
Office Spaces

2 N Madison Ave Greenwood, IN 46142

18,360 SF 0.43 ac lot Built 1920
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0861187
Property summary
AI-generated overview

This 18,000-square-foot, two-story Class B office building in Greenwood, Indiana, offers a unique opportunity for businesses seeking flexible and adaptable workspace. Located at 2 N Madison Ave, 46142, this historically significant property underwent a complete renovation in 2016, blending its charm with modern amenities. Currently, the building is fully vacant and available for lease, offering spaces ranging from 150 square feet to the entire 18,000 square feet. The building features a variety of spaces suitable for traditional office, medical office, creative office, coworking, or executive office uses, as well as training facilities. Amenities include multiple meeting rooms, collaboration areas, central reception areas, break rooms/kitchens, and a unique open atrium event space with a catering kitchen. The building's zoning is commercial, and it includes one hydraulic elevator. Its prime location in the heart of old town Greenwood offers easy access to popular restaurants, breweries, distilleries, banks, and retail shops. The owner offers flexibility in designing and modifying the space to meet specific tenant needs. This property presents a rare chance to establish a presence in a vibrant and convenient location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Construction TYPE NOT SPECIFIED
Total area 18,360 SF
Lot 0.43 ac (18,861 SF)
APN 41-02-32-024-055.000-026
UPID US31-0861187
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
Current use
Occupant on record · Public records
  • Old Town Atrium Hotel & Motel Resort
  • Cornerstone Autism Center Medical Clinic
  • Elle Scanlan Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$817k
Blend (final) Blend
$1.34M
Owner & transaction history
EQUITY TRUST COMPANY FBO, RANDALL W FAULKNER ROTH
EQUITY TRUST COMPANY FBO, RANDALL W FAULKNER ROTH
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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