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    Property profile & analytics

    940 Indianapolis Rd Greencastle, IN 46135-1428

    • Turn key restaurants
    • 5,408 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US31-0643314
    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.

    Current Use by Public Records

    • McDonald's / Breakfast Restaurant / Coffee Shop
    • Redbox / Movie Rental Kiosk / Movie Rental

    Property Details for 940 Indianapolis Rd

    Year built
    1999
    Lot size
    1.44 lot acres
    Property size
    5,408 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    67-09-22-201-027.000-008
    APU
    670922201027000008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.8417
    Latitude
    39.6455
    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
    $14,025
    $160,400
    $307,100
    $467,500
    -
    $160,400
    $307,100
    $467,500

    Comparable in this City

    • Value Estimation
      $290,000
      3,448 SF

      202 College Ave

      RESTAURANT • 3,448 SF
      202 College Ave, Greencastle, IN 46135-1648
      View Details
    • Value Estimation
      $330,000
      1,972 SF

      1152 Indianapolis Rd

      RESTAURANT • 1,972 SF
      1152 Indianapolis Rd, Greencastle, IN 46135-1458
      View Details
    • Value Estimation
      $350,000
      2,964 SF

      66 Putnam Plz

      RESTAURANT • 2,964 SF
      66 Putnam Plz, Greencastle, IN 46135-9418
      View Details
    • Value Estimation by Request
      10,583 SF

      2 Walnut St

      RESTAURANT • 10,583 SF
      2 Walnut St, Greencastle, IN 46135-1527
      View Details
    • Value Estimation
      $195,000
      1,800 SF

      1205 Bloomington St

      RESTAURANT • 1,800 SF
      1205 Bloomington St, Greencastle, IN 46135-2205
      View Details
    • Value Estimation
      $340,000
      3,024 SF

      509 Bloomington St

      RESTAURANT • 3,024 SF
      509 Bloomington St, Greencastle, IN 46135-2113
      View Details

    Similar Nearby for Sale

    • $345,000
      9,981 SF

      Established Restaurant/Bar in Greencastle, IN

      Newly renovated restaurant and bar with additional space and parking.
      727 S Main St, Greencastle, IN 46135
      View Details
    • $3,000,000
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      High-Traffic Greencastle Retail Property

      Prime Retail Location, 4.89 Acres
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    • $3,000,000
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      High-Traffic Corner Lot in Greencastle

      4.89 acres with buildings, high traffic, ideal for business.
      1651 E Us Highway 40, Greencastle, IN 46135
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    • $299,900
      6,120 SF

      Downtown Greencastle Retail Gem

      Historic building, prime location, high ceilings.
      10 Washington St, Greencastle, IN 46135
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    • $1,200,000
      100 SF

      Prime Greencastle Car Wash Duo

      Turnkey car washes, immediate income.
      100 Putnam Plz, Greencastle, IN 46135
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    • $685,000
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      Prime Greencastle Office & Home

      Versatile Commercial & Residential Property
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    Similar Nearby for Lease

    • Contact for pricing
      92,065 SF

      Putnam Plaza Retail Center

      Greencastle, IN Strip Mall - Spaces Available
      1333 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Kroger

      Retail space available near Kroger and DePauw University.
      833 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • Contact for pricing
      6,073 SF

      Greencastle Retail Space Available

      Prime Retail Space, High Visibility, 4,568 SF Available
      820 Indianapolis Rd, Greencastle, IN 46135
      View Details
    • $1,100 /Mo
      3,300 SF

      Greencastle Mixed-Use Commercial Building

      Mixed-use commercial building in downtown Greencastle, available November 2025.
      20 W Washington St, Greencastle, IN 46135
      View Details

    Property Visit Statistics

    • Visits by month
      66.7k
    • Visitors by month
      25.0k
    • Avg Time on site
      12 min
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    940 Indianapolis Rd
    Greencastle, IN 46135-1428
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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