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Property profile & analytics
FOR LEASE
Strip malls

3115 Meridian Parke Dr Greenwood, IN 46142

31,496 SF 4.57 ac lot Built 1989
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-1185260
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 31,496 SF
Lot 4.57 ac (198,895 SF)
APN 41-03-35-011-003.000-041
UPID US31-1185260
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$996k
Blend (final) Blend
$810k
Owner & transaction history
Mppsc LLC
Mppsc LLC
since 2026
6 recorded transactions
2026
Price N/A
2022
Price N/A
2017
$3.7M
2017
Price N/A
2017
Price N/A
2013
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.1M +23.1%
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More about this property
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