1101 Windhorst WayGreenwood, IN 46143

Property Details for 1101 Windhorst Way

Year built

1990

Construction

TYPE NOT SPECIFIED

Lot size

13.80 AC

Property size (Sq ft)

138,746 SF

Property type

Outlet malls

APN

41-02-34-022-037.000-025

APU

410234022037000025

Description

This exceptional 1.4-acre commercial pad site presents a prime development opportunity in Greenwood, Indiana. Strategically located at the Emerson Avenue entrance to a high-volume Sam's Club, this property boasts unparalleled visibility and accessibility. The site sits at a well-traveled, signalized intersection, ensuring maximum exposure to traffic on both Emerson Avenue and Main Street. Its location offers significant advantages, situated near a substantial concentration of daytime employees, including the recently constructed ULTA distribution center employing approximately 550 workers. The surrounding area is also home to a variety of established restaurants and convenience stores, such as McDonald's, Starbucks, Taco Bell, Denny's, White Castle, and Subway, creating a robust and desirable commercial environment. The property's potential is further enhanced by the possibility of combining it with an adjacent outparcel, resulting in a nearly three-acre development site. This location in Johnson County, Indiana, with a 46143 zip code, offers a unique blend of high traffic, strong demographics, and established commercial activity, making it an ideal investment for a variety of commercial ventures. The property is precisely located at 1101 Windhorst Way (Pad 1), Greenwood, IN.

• CAP approach

  CAP return

  Valuation

  6%

  $26,464,488

  6.5%

  $24,428,758

  7%

  $22,683,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,840,808

  Geo Method

  $32,840,808

• Alternative Use

  Use

  Valuation

  Residential

  $20,606,572

  Hospitality

  $18,875,510

  Educational

  $15,704,202

  Medical

  $16,244,294

  Retail

  $24,428,758

Location Insight

City

Greenwood

County

Johnson

State

Indiana

Latitude

39.6174

Longitude

-86.0812

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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