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    3115 Meridian Parke Dr Greenwood, IN 46142
    Property profile & analytics

    3115 Meridian Parke Dr, Greenwood, IN 46142

    View on Map

    • Strip malls
    • 31,496 SF
    • 4.57 lot acres
    Greenwood Retail and Medical Suites For Lease
    $810,000
    31,673 SF

    Greenwood Retail and Medical Suites

    Neighborhood shopping center with suites for retail, service, or medical.

    3115 Meridian Parke Drive, Greenwood, IN 46142
    View Listing
    Property ID
    US31-1185260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $810,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Footworx L.L.C. / Gym & Fitness Center
    • Nail Reflections / Nail Salon
    • Nayan Brows & Lashes / Hair Salon / Nail Salon
    • Western Union / Bank / Credit Union
    • Platinum Hair Studio / Hair Salon

    Property Details for 3115 Meridian Parke Dr

    Year built
    1989
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.57 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    41-03-35-011-003.000-041
    APU
    410335011003000041

    Description

    Meridian Parke Shopping Center offers a prime retail opportunity within a thriving commercial area. This single-story, 31,673 square foot shopping center sits on a 4.6-acre parcel, strategically located along a well-established retail corridor. The property boasts excellent visibility and accessibility with multiple points of ingress and egress. A significant advantage is its shadow-anchored position by major retailers Kroger and Meijer, ensuring high foot traffic. The center's proximity to other prominent national retailers such as Target, Home Depot, Menards, Walmart, and LA Fitness further enhances its desirability. Currently, one retail space of approximately 1,500 square feet is available (Unit O). The property features pylon signage opportunities for increased brand visibility. The center is zoned PUD and currently includes Jack's Donuts among its tenants. This presents a unique chance to establish a business within a bustling retail environment, benefiting from the established customer base and high traffic volume of the surrounding area. The available space is ideal for a variety of retail or restaurant concepts.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $620,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $996,000
      Market price range: $598k - $1.29M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $930,000
      Current use
      WAREHOUSE, STORAGE
      $1,145,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1605
    Latitude
    39.6174
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $71,652
    $1,362,100
    $1,646,200
    $3,008,300
    -
    $1,362,100
    $1,646,200
    $3,008,300
    View Listing
    More about this property
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