243 Madison AveGreenwood, IN 46142

Property Details for 243 Madison Ave

Year built

1850

Lot size

1.88 AC

Property size (Sq ft)

5,234 SF

Property type

Retail properties

Description

This exceptional 5,234 square foot retail property, situated on a generous 1.88-acre lot, presents a rare opportunity in the heart of Greenwood's vibrant Old Town riverfront district. Constructed around 1850, this iconic building has undergone a complete and meticulous rehabilitation. Improvements include a brand-new roof, a state-of-the-art HVAC system, over 100 newly installed windows, and fully updated electrical and plumbing systems. The property also boasts a powerful generator for reliable power, a substantial 140' x 80' concrete pad perfectly suited for outdoor events, and a large dining tent equipped with electricity. A sizable basement provides ample storage space. Its prime location offers significant potential for a variety of uses, including an event center, a charming bed and breakfast, continued use as retail or office space, or even redevelopment into a multifamily residential complex. This is a unique chance to acquire a piece of Greenwood's rich history and capitalize on the continued growth of Old Town. The asking price is $2,399,000.

Location Insight

City

Greenwood

County

Johnson

State

Indiana

Latitude

39.6129

Longitude

-86.1088

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