Strip Mall

Elwood, IN Strip Malls 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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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 7 Potential Opportunities for your consideration. Besides 3 Active listings in Elwood, IN, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities

Strip malls for Lease in Nearby Cities

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

Strip Mall with Utilities Included
Strip Mall with Utilities Included

2130 W Sycamore St, Kokomo, IN 46901

$990/Mo
923 sqft

Commercial plaza space near Ascension St. Vincent Hospital with parking available for occupants.

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Kokomo Retail Space For Lease
Kokomo Retail Space For Lease

2821-2947 S Washington St, Kokomo, IN

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7,575 sqft 25.25 AC lot

Retail space available in community shopping center anchored by Kroger.

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Retail Space in Anderson, Indiana
Retail Space in Anderson, Indiana

1755 Scatterfield Rd, Anderson, IN

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1.25 AC lot

Retail spaces available in a shopping center with pylon signage.

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Retail Space with Pylon Signage
Retail Space with Pylon Signage

1854 Scatterfield Rd, Anderson, IN

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1.16 AC lot

Retail space available in Anderson, Indiana with great visibility.

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Elwood, IN Strip malls Lease Rates & Market Statistics

Browse 3 Strip malls 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.

Strip malls 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. The local average of $14 SF/Yr is in line with the Indiana state average.

Elwood accounts for 50% of the 6 strip malls currently available across Madison County, where a nearby market includes Anderson. Strip malls are one of the more limited space types in Elwood, with just 3 listings currently available — a scarcity worth factoring into lease negotiations.

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