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    FOR SALE
    Office Spaces

    9 American Legion Pl, Greenfield, IN 46140

    8,608 SF 0.1 ac lot Built 1919
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US31-1127147
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    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
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tuttle Development Mainstreet LLC · 7 yrs held
    Tuttle Development Mainstreet LLC
    since 2019
    1 recorded transaction
    2019
    $125,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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