221 Main StGreenwood, IN 46142

Property Details for 221 Main St

Year built

1940

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

2,660 SF

Property type

Office properties

APN

41-02-32-042-019.000-026

APU

410232042019000026

Description

This exceptional 2,660 square foot retail property is ideally situated on Main Street in the vibrant heart of Greenwood, Indiana's downtown area. Boasting excellent visibility and exposure, this building underwent a complete renovation in 2020, including a facade upgrade funded by a grant. The interior features exposed brick walls, a new roof, modern industrial HVAC ductwork, stylish vinyl plank flooring, new carpeting, and energy-efficient new windows. Upstairs, a newly remodeled kitchen and bathroom (complete with shower) offer versatile space. A large wooden rear deck adds outdoor appeal. The property is part of the Greenwood Waterfront District, a highly desirable location. Convenient parking is available within 200 feet. Currently housing a thriving coffee shop, the ground floor space benefits from a waterfront district liquor license that conveys with the sale. The upstairs area presents a unique opportunity

• CAP approach

  CAP return

  Valuation

  6%

  $344,928

  6.5%

  $318,395

  7%

  $295,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,559

  Geo Method

  $249,559

• Alternative Use

  Use

  Valuation

  Residential

  $394,809

  Hospitality

  $361,643

  Educational

  $300,883

  Medical

  $311,231

  Retail

  $468,040

Location Insight

City

Greenwood

County

Johnson

State

Indiana

Latitude

39.6135

Longitude

-86.109

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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