2 N Madison Ave Greenwood, IN 46142
For Sale
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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.
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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
No recorded transactions found for this property.
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.