Retail

Elwood, IN Retail Properties & Spaces for Lease

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Strip Mall Retail Space
Updated: Apr 29, 2025
Strip Mall Retail Space

1515 S State Road 37, Elwood, IN 46036

$14 SF/Yr
8.28 AC lot
Direct frontage along State Road 37 in Elwood
Part of an 8.28‑acre commercial property
Located across State Road 37 from large manufacturing facilities
Cardinal Square neighborhood shopping center setting
Co‑tenancy includes Dollar Tree, Subway, and Needler's Fresh Market
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Retail Space with Road Frontage
Updated: Jul 21
Retail Space with Road Frontage

1515 S State Road 37, Elwood, IN 46036

$14 SF/Yr
4,020 sqft
4,020‑square‑foot retail space at 1515 S State Road 37, Elwood, IN 46036
Direct frontage along State Road 37
Located in Cardinal Square neighborhood center
National co‑tenants include Dollar Tree, Subway, and Needler’s Fresh Market
Large manufacturing facilities located directly across State Road 37
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Elwood, IN, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 4 Properties for Sales.

Retail properties & Spaces for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Retail Space with Loading Dock
Retail Space with Loading Dock

852-858 E Jefferson St, Tipton, IN 46072

$8,072/Mo
32,024 sqft

Open-plan commercial space with on-site parking and nearby national and regional retail anchors.

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Retail Space
Retail Space

3635 W Nichol Ave W, Anderson, IN 46011

$575/Mo
18,300 sqft

The owner covers water, sewer, lawn care, and snow removal.

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Open-Plan Retail Space
Open-Plan Retail Space

852-858 E Jefferson Street, Tipton, IN 46072

$8,072/Mo
2.80 AC lot

Commercially zoned space includes on-site parking and a loading dock for retail or service operations.

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Garden Center Property with Greenhouses
Garden Center Property with Greenhouses

3535 Alexandria Pike, Anderson, IN 46012

Contact for pricing
1.23 AC lot

Commercially zoned property with greenhouse structures, shop space, outdoor areas, and parking.

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Similar Spaces for Sale in Elwood, IN

Consider Similar Space for Sale. We found 4 Spaces matching your search parameters.

Two-Story Mixed-Use Building
Two-Story Mixed-Use Building

1530 S A Street, Elwood, IN 46036

$159,700
0.02 AC lot

Retail and residential spaces are separately leased, with electric service metered separately for each unit.

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Adaptable Storefront Property
Adaptable Storefront Property

1534 Main St, Elwood, IN 46036

$65,000
8,712 sqft

Main Street commercial building suited to retail, office, or service operations.

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Commercial Storefront Property
Commercial Storefront Property

1530 S A Street, Elwood, IN 46036

$159,700

Commercial zoning and central air serve this Elwood storefront property.

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Dollar General Market Grocery Store
Dollar General Market Grocery Store

1900 S Anderson St, Elwood, IN 46036

Contact for pricing
24,341 sqft

Double-sized Dollar General Market concept combines full-service grocery offerings with a Dollar General store.

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Elwood, IN Retail properties & Spaces Lease Rates & Market Statistics

Browse 2 Retail properties & Spaces for lease in Elwood, IN on Realmo, a commercial real estate marketplace serving the Elwood area. The current inventory totals 4,020 square feet of properties.

Retail properties & Spaces lease rates in Elwood range from $14 SF/Yr at the entry level to $14 SF/Yr at the top of the market, averaging $14 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $14 SF/Yr, the local average runs 39% below Indiana's state average of $22.78 SF/Yr.

Elwood accounts for 5% of the 37 retail properties & spaces currently available across Madison County, where nearby markets include Anderson and Chesterfield.

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