Contact for pricing 18,401 SF available

523 South Madison Ave, Greenwood, IN 46142
View Listing →

This ground-floor retail offering is located within a mixed-use development that includes residential uses above. The development contains 329 market-rate apartments and 18 townhomes, with retail situated directly beneath the residential levels. The first-floor retail suites are configured for direct, straightforward access within the mixed-use building. Suite sizes range from approximately 777 to 4,300 square feet, and the retail space is designed to accommodate service-oriented and health and personal care uses, including medical, wellness, beauty, fitness, café, and related service tenants.

Property type Other retail properties

Year built 2023

Total area 18,698 SF

UPID US31-0466280

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Real Estate Agency

523 South Madison Ave Greenwood, IN 46142

Greenwood metro

Google Maps

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

by Request

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
8,217 SF

780 Us 31

Restaurants

780 Us 31, Greenwood, IN 46142

View Details
Value Estimation by Request
2.00 Acres

3124 Smith Valley Rd

Retail properties & Spaces

3124 Smith Valley Rd, Greenwood, IN 46142

View Details
Value Estimation by Request
60,452 SF

Smith Vly Rd & Morgantown Rd

Retail properties & Spaces

0 Smith Vly Rd & Morgantown Rd, Greenwood, IN 46142

View Details
Value Estimation by Request
10,348 SF

1672 Stonegate Dr

Coworking space

1672 Stonegate Dr, Greenwood, IN 46142

View Details
Value Estimation
$8,665,000

128,877 SF

1251 Us Hwy 31st N

DEPARTMENT STORE

1251 Us Hwy 31st N, Greenwood, IN 46142-4503

View Details
Value Estimation by Request
3.34 Acres

1251 Us Hwy 31st N

DEPARTMENT STORE

1251 Us Hwy 31st N, Greenwood, IN 46142-4503

View Details

Similar Nearby for Sale

Contact for pricing
5,058 SF

Applebee's Ground-Leased Restaurant

Applebee's ground lease runs through May 31, 2029, with the property leased to Flynn Group.

874 S State Rd 135, Greenwood, IN 46142

View Details
$2,836,364

2,709 SF

Dual-Tenant Drive-Through Retail Investment

NNN retail asset with Subway and Biggby Coffee, plus a leased parking lot, recently remodeled for modern food-and-beverage use.

718 US 31 S, Greenwood, IN 46142

View Details
New

$1,675,000

2.00 Acres

Retail Property Zoned CM

For-sale retail property on a 2-acre lot zoned CM.

1000 N State Road 135, Greenwood, IN 46142

View Details
Contact for pricing
5,082 SF

NNN Automotive Property

Leased automotive facility at a signalized intersection within a major retail corridor.

4985 W Smith Valley RD, Greenwood, IN 46142

View Details
Contact for pricing
4,051 SF

Shops on Meridian Retail Property

Fully leased retail property with national tenants in Greenwood, Indiana.

201 S State Rd 135, Greenwood, IN 46142

View Details
New

$1,125,000

74,836.00 Acres

Commercial Land With Building

B-1-zoned property with an existing building at a signalized road intersection and convenient access to I-69.

4978 W Smith Valley Road, Greenwood, IN 46142

View Details

Similar Nearby for Lease

Contact for pricing
18,401 sqft

Retail Property in Greenwood, Indiana

Retail property available for lease in Greenwood, Indiana.

523 South Madison Avenue, Greenwood, IN 46142

View Details
Contact for pricing
10,189 sqft

Bi-Level Showroom on State Road

Bi-level showroom space suitable for retail or restaurant use.

247 S State Rd 135, Greenwood, IN 46142

View Details
New

$4,000/Mo

Freestanding Retail Space

Freestanding commercial space with OT zoning, two restrooms, and customer and staff parking in a walkable Greenwood setting.

105 S Madison Avenue, Greenwood, IN 46142

View Details
New

Contact for pricing
975 sqft

Retail Suite with Pylon Signage

Open layout includes a private office, stock room, restroom, and included water, sewer, trash, and snow removal.

2650 Fairview Pl, Greenwood, IN 46142

View Details
New

Contact for pricing

Retail Space Available For Rent

Retail space for rent at 1230 U.S. Hwy 31 N.

1230 U.S. Hwy 31 N, Greenwood, IN 46142

View Details
Contact for pricing
1,276 sqft

First-Floor Retail in Mixed-Use

New first-floor retail suites are available within a luxury mixed-use building with residential units above.

523 S Madison Ave, Greenwood, IN 46142

View Details