For Sale
$3,990,000

7183 Us Highway 40Greenfield, IN 46140

Greenfield, IN: Multi-tenant income property

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use investment opportunity encompasses a substantial 11.06-acre portfolio situated along the bustling US Highway 40 in Greenfield, Indiana. The property comprises five buildings totaling 10,608 square feet, strategically divided across four parcels (APN: 30-09-02-400-010.000-015). The portfolio includes a diverse range of uses, catering to both residential and commercial tenants. Currently, three tenants generate a combined monthly income of approximately $6,800, excluding potential agricultural land rental income. The property's zoning permits mixed uses, offering flexibility for future development or expansion. One parcel includes a currently leased residential building (7183 W US Hwy 40), while another houses a retail storefront (7183 W US Hwy 40), currently operating as a hair salon. Two additional parcels, totaling 9.06 acres, are designated as agricultural land (7181 W US Hwy 40), presenting further income potential. This prime location on US Highway 40 ensures high visibility and accessibility, making it an attractive investment for both seasoned and emerging investors seeking a diversified income stream and significant growth potential. The asking price is $3,990,000, translating to a price per square foot of $376.13. This is a rare opportunity to acquire a well-established, multi-tenant property with significant upside potential in a thriving Indiana market.

Highlights

  • Four-parcel portfolio totaling approximately 11 acres on US-40.
  • One-acre retail parcel (7173, 7175, 7177 W US 40) with existing hair salon tenant.
  • Nine-acre agricultural parcel (7181 W US 40).
  • 0.539-acre residential parcel (7183 W US 40) currently leased.
  • 0.461-acre retail parcel (7183 W US 40) with small shop tenant.
  • Approx. $6,800 monthly income from existing tenants (excluding agricultural land).

Property Details for 7183 Us Highway 40

Property type
Retail properties, Office properties
Square Feet
10,608 SF
Buildings
5
Lot Size (sq. ft)
481,774 SF
Units
3

Location Insight

City
Greenfield
County
Hancock
State
Indiana
Latitude
39.7770898
Longitude
-85.9375434
7183 Us Highway 40, Greenfield, Indiana

FAQs

What type of property is this?
Retail property - Greenfield, IN: Multi-tenant income property
Where is the retail property located?
The property is located at 7183 Us Highway 40 Greenfield, IN.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Four-parcel portfolio totaling approximately 11 acres on US-40.; One-acre retail parcel (7173, 7175, 7177 W US 40) with existing hair salon tenant.; Nine-acre agricultural parcel (7181 W US 40).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7183 Us Highway 40
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