621 N State St, Greenfield, IN 46140
For Sale
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This stunning 2,020-square-foot mixed-use building at 621 N. State St., Greenfield, Indiana, presents a unique investment opportunity. Originally built in 1915 and renovated in a recent year, this Class A property boasts beautiful original woodwork, a grand staircase, and modern updates throughout. The building features two stories, with a permitted Traditional Neighborhood (TD) zoning allowing for flexible uses. Currently configured as a fully occupied (100%) traditional office space, the property includes private offices (formerly bedrooms), a large conference room (formerly a living room), and a full bath with a claw-foot tub. All closets are cedar-lined. The building is fully wired/cabled, and exterior utility lines have been buried. Heating and cooling are provided by two new furnaces and A/C units, each with its own thermostat, supplemented by a still-operable boiler with its own thermostat. Professional smoke detectors are installed. The 8,624-square-foot lot offers ample parking. Recent updates include a completed structural engineer report. Asking price is $339,900. This property combines historic charm with modern functionality, making it an ideal investment in a desirable Greenfield location (zip code 46140).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.
