Greenwood, IN 46142,640 S Madison AVE
Greenwood, IN 46142,640 S Madison AVE
Greenwood, IN 46142,640 S Madison AVE
Listed by Mark Linder • CENTURY 21 Scheetz
$1,200,000
Est. payment /mo
$1,500,000
20.0%
Est.Price: ?

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7,500 SqFt
SOLD DATE : 11/12/2024

Key Details

Sold Price $1,200,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $160

MLS Listing ID 21981985

Sold Date 11/12/24

Year Built 1998

Tax Year 2023

Lot Size 0.900 Acres

Acres 0.9

Property Description

7,506 sq ft Retail/Office located in the heart of downtown Greenwood. This prime location guarantees street visibility, high foot traffic and maximum exposure. Property consists of two buildings: 1.) Main building of 6,000 sq ft. and 2.) Freestanding 1,500 sq ft secondary building. Building 1 is at half capacity and building 2 is currently fully leased until Oct 2025. Lit pylon signage is visible from the heavily traveled US 31. Surrounded by other existing shops, restaurants, gas stations and more as well as currently being developed additions, including "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for downtown Greenwood. The Madison features 18,700 square feet of retail space, and over 400 luxury condominiums, townhomes and apartments. Don't miss out on this lucrative and long-standing Investment Opportunity!

Location

State IN

County Johnson

Zoning Commercial Medium

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected, Gas, Sewer Connected, Water Connected

Building

Story 1

New Construction false

Schools

Middle Schools Greenwood Middle School

High Schools Greenwood Community High Sch

School District Greenwood Community Sch Corp

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Chiquita Watkins

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Agent | RBRB17000258

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