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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Former Big-Box Retail Building
Former Big-Box Retail Building

1519 S STATE RD 37, Elwood, IN 46036

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52,577 sqft

Large former Kmart retail building with nearly column-free clear span, full-glass storefronts, and multiple entry points.

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Renovated Strip Mall
Renovated Strip Mall

1900 S Anderson St, Elwood, IN 46036

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Retail suites are being finished to individual tenant specifications within a renovated center along Elwood’s primary commercial corridor.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Elwood, IN, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 5 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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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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Retail Space
Retail Space

202 N Harrison St, Alexandria, IN 46001

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4,411 sqft

Retail space available at 202 N Harrison St with 3,791 SF of available area.

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Retail Space on Park Avenue
Retail Space on Park Avenue

1111 N Park Ave, Alexandria, IN 46001

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Retail space available on a major thoroughfare.

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Similar Spaces for Sale in Elwood, IN

Consider Similar Space for Sale. We found 5 Spaces matching your search parameters.

Dollar General Market Grocery Store
Dollar General Market Grocery Store

1900 S Anderson St, Elwood, IN 46036

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24,341 sqft

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

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Adaptable Storefront Property
Adaptable Storefront Property

1534 Main St, Elwood, IN 46036

$65,000

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

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Net-Leased Retail Shopping Center
Net-Leased Retail Shopping Center

7408 W. State Road 28 (Main St.), Elwood, IN 46036

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For-sale retail shopping center with net leases anchored by St. Vincent Hospital and multiple established tenants.

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Mixed-Use Building with Apartment
Mixed-Use Building with Apartment

1629 Main Street, Elwood, IN 46036

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Two-level property includes commercial rooms, residential quarters, garages, side and rear parking, and immediate possession.

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Body Shop Building
Body Shop Building

1906 South R Street, Elwood, IN 46036

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Commercial building with second-level storage and additional parcels included.

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

Browse 4 Retail properties & Spaces for lease in Elwood, IN on Realmo, a commercial real estate marketplace serving the Elwood area. The current inventory totals 56,597 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 22% below Indiana's state average of $17.89 SF/Yr.

Elwood accounts for 11% of the 38 retail properties & spaces currently available across Madison County, where nearby markets include Anderson and Alexandria.

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