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    820 Indianapolis Rd Greencastle, IN 46135

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    820 Indianapolis Rd Greencastle, IN 46135


    • Retail space
    • 6,034 SF
    • 0.35 lot acres
    Retail Space in Greencastle, IN For Lease
    $505,000

    Retail Space in Greencastle, IN

    Retail space for rent in a vibrant Greencastle community.

    820 Indianapolis Rd, Greencastle, IN 46135
    View Listing
    Property ID
    US31-0904607
    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
    $505,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jimmy John's / Take-out & Catering
    • Boomer's Fireworks / Discount Store / Party Supply Store

    Property Details for 820 Indianapolis Rd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    6,034 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    67-09-22-202-025.001-008
    APU
    670922202025001008

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $310,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $701,000
      Market price range: $224k - $803k
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $520,000
      Current use
      AUTO REPAIR, GARAGE
      $550,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $525,000
      Change: +1% Conversion: Difficult
      RESTAURANT
      $510,000
      Change: -2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $475,000
      Change: -9% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.848
    Latitude
    39.6442
    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
    $10,563
    $16,300
    $335,800
    $352,100
    -
    $16,300
    $335,800
    $352,100
    View Listing
    More about this property
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