9 American Legion Pl, Greenfield, IN 46140
For Sale
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This exceptional 8,608 square foot office building is ideally situated in Greenfield's vibrant downtown district, just steps from the courthouse and courthouse annex. Enjoy easy access to local shops, restaurants, and the Pennsy Trail. The main level boasts four spacious offices, a dedicated conference room, six individual cubicles, a convenient break room/kitchen, and a versatile open work area, perfect for collaborative projects or flexible workspace configurations. Upstairs, you'll find additional amenities including a second break room, multiple bathrooms, more cubicles, an open work area, ample storage, and additional private offices. The significant advantage of this property lies in its third-floor potential. Currently unfinished, this level offers a unique opportunity to create a separate apartment or townhouse, adding substantial value and rental income possibilities. Alternatively, the second floor could be easily configured with a private entrance, making it ideal for a multi-tenant setup. This property presents a rare combination of prime location, versatile space, and significant expansion potential, making it an exceptional investment opportunity in a thriving downtown area. The 0.1-acre lot provides convenient access and parking. The asking price is $525,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.