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    Greenwood Retail Building with Warehouse
    Updated: Mar 4
    Greenwood Retail Building with Warehouse

    645 U.S. Highway 31 North, Greenwood, IN 46142

    $3,500,000
    19,500 sqft 1.13 AC lot
    High‑visibility location on Greenwood's high‑traffic US 31 corridor.
    Stable cash flow from two established tenants.
    ±19,500 SF commercial property with retail and warehouse space.
    Approximately 1.13‑acre lot size.
    Extensive warehouse with mezzanine storage.
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    This listing looks promising.

    Here's a quick look at some key insights for

    645 U.S. Highway 31 North, Greenwood, IN 46142

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $213K
      Annual

    • Price @ 7% Cap

      $3.05M
      Suggested

    • Property Type

      Commercial (General)
      Built 1980
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Greenwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Warehouse Showroom Building
    Warehouse Showroom Building

    4411 N Broadway Avenue, Muncie, IN 47303

    $379,900
    0.86 AC lot

    Commercial building with a showroom front and warehouse/garage space, plus private offices, a kitchen/breakroom, and two half baths.

    View details
    End-Unit Heated Garage with Mezzanine
    End-Unit Heated Garage with Mezzanine

    17745 Motor District Circle, Westfield, IN 46074

    $600,000

    Heated end unit with 24/7 surveillance, large overhead door, and a mezzanine for workspace or private showroom use.

    View details
    Heated Garage Flex End Unit
    Heated Garage Flex End Unit

    17745 MOTOR DISTRICT CIR, Westfield, IN 46074

    $600,000
    2,400 sqft

    Heated end unit with overhead door, mezzanine, and two bathrooms, offering flexible space for vehicle storage and workspace needs.

    View details
    Remodeled Showroom with Office Space
    Remodeled Showroom with Office Space

    2300 N Dr Martin Luther King Jr Blvd, Muncie, IN 47303

    $549,900
    11,445 sqft

    Recently remodeled showroom with offices and updated features for sale.

    View details

    Greenwood, IN Showrooms Market Trends and Statistics

    Explore 1 showrooms for sale in Greenwood, IN on our real estate platform. These investment opportunities span a total of 19,500 square feet of properties for sale, with an estimated market value of $3,500,000.

    Sale prices for showrooms in Greenwood, IN start at $3,500,000, averaging $3,500,000, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 10
    Storefront properties 6
    Auto shops 2
    Automotive properties 2
    Grocery and convenience stores 2

    Demographics Overview

    Population 94K
    Population Growth (5Y) +11.0%
    Median Household Income $87,969
    College Educated 52.3%

    High-Yield Neighborhoods for Investment

    Identify Greenwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46142 $3.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.90%
    Property Tax per SF $33.72 per SF
    Tax Rate vs County Average 0.13 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Greenwood fall within the 100,000+ square foot range.

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