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IN
Greenfield
46140
9 American Legion Pl

Property profile

9 American Legion Pl Greenfield, IN 46140

FOR SALE

Other office properties

Property ID

US31-1127147

8,608 SF 0.1 ac lot Built 1919

Entity Owned 7-yr Hold Free & Clear

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$395,000 8,608 SF

9 American Legion Pl, Greenfield, IN 46140
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The property is located in a downtown district near the courthouse and its annex, within walking access of shops, restaurants, and the Pennsy Trail. It is a multi-level office-oriented building with approximately 8,608 square feet of space. The main level contains four offices, a conference room, six cubicles, a break room/kitchen, and an open work area. The upper level includes break facilities, bathroom areas, cubicles, an open work area, a storage area, and additional offices. The third level is currently unfinished and is suited for conversion into a residential unit such as an apartment or townhouse, with the potential for a separate entrance. The second floor also has the potential for a private entrance from the main floor, supporting a possible multi-tenant configuration.

Property type Other office properties

Use group OFFICE (GENERAL)

Year built 1919

Construction WOOD

Total area 8,608 SF

Lot 0.1 ac (4,400 SF)

APN 30-11-05-101-019.000-009

UPID US31-1127147

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

9 American Legion Pl Greenfield, IN 46140

Greenfield metro Census 410500 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

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AI Approach AI

$270k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$270k

since 2019

1 recorded transaction

2019

$125,000

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