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Property profile & analytics
FOR LEASE
Retail space

820 Indianapolis Rd Greencastle, IN 46135

6,034 SF 0.35 ac lot Built 2008
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0904607
Property summary
AI-generated overview

This exceptional retail property at 820 Indianapolis Rd., Greencastle, IN 46135, offers a significant leasing opportunity. The freestanding building, part of a multi-tenant strip center, boasts a total of 6,073 square feet, with 4,568 square feet currently vacant and ready for immediate occupancy. Situated on a 0.69-acre lot, the property benefits from high visibility and ample parking, making it highly attractive to potential tenants. The building's design features a well-maintained exterior, large windows providing excellent natural light, and a versatile interior layout adaptable to a variety of retail businesses. Its prominent street frontage ensures strong visibility for attracting customers. The location in Greencastle, Indiana offers easy accessibility and a welcoming community environment, providing a supportive setting for business growth. This property presents a unique chance to establish or expand a retail presence in a thriving area. The spacious layout and prime location combine to create an ideal opportunity for businesses seeking high visibility and a strong customer base. The available space is perfect for a variety of retail concepts. Don't miss this chance to secure a prominent retail location in Greencastle.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction WOOD
Total area 6,034 SF
Lot 0.35 ac (15,159 SF)
Zoning code ZO01
APN 67-09-22-202-025.001-008
UPID US31-0904607
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
  • Jimmy John's Take-out & Catering
  • Boomer's Fireworks Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$505k
Owner & transaction history
Family Video Movie Club INC · 6 yrs held
Family Video Movie Club INC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
ZO01 · Greencastle, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $550,000 +6.1%
Warehouse, storage $525,000 +1.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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