821 N State Road 135, Greenwood, IN 46142
821 N State Road 135, Greenwood, IN 46142
821 N State Road 135, Greenwood, IN 46142
15
See all 15 photos
Listed by Deshuang Man • MYL Realty, LLC
$1,299,000
Est. payment /mo
Save
25,265 SqFt
New

821 N State Road 135 Greenwood, IN 46142

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Audri McGrane

Audri McGrane

+1(317) 509-9729

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 25,265 sqft

Price per Sqft $51

MLS Listing ID 22109233

Tax Year 2025

Lot Size 0.580 Acres

Acres 0.58

Property Sub-Type Office

Property Description

Headline: Prime Greenwood Investment! 8,500 SF 3-Story Commercial Building with $6,300/Mo Active Income & Planned Elevator Overview: Exceptional investment or owner-user opportunity in Greenwood, IN! Zoned CM (Commercial Medium), this versatile 8,500 SF, 3-story office building offers immediate, stable cash flow with tremendous leasing upside. Key Features: 1. Immediate $6,300/Mo Income: Generating steady revenue from day one. The entire 2nd floor is leased to an established medical doctor's clinic for $5,800/month, and one room on the 3rd floor is currently leased for $500/month. 2. Planned Elevator Upgrade: Seller is actively coordinating the installation of a brand-new elevator connecting the first floor to the lower level, ensuring seamless accessibility. 3. Walk-Out Lower Level: Features a premium walk-out lower level with grade-level rear access and full natural light-perfect for private client entry or separate office suites. 4. Value-Add Upside: Remaining spaces on the 1st and 3rd floors are ready for lease, ideal for expanding your own business or maximizing market rents. Premium location with high visibility and ample parking. Schedule your private tour today! Quick Specs: * Current Income: $6,300 / Month (2nd Fl Medical + 3rd Fl Room) * Size/Zoning: 8,500 SF | CM Zoning * Layout: 3 Stories (with Walk-out Lower Level) * Special Amenity: Planned Elevator (1st Floor to Lower Level)

Location

State IN

County Johnson

Zoning CM

Interior

Fireplace N

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected

Building

Story 3

New Construction false

Schools

High Schools Center Grove High School

School District Center Grove Community School Corp

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Audri McGrane

Audri McGrane

Director of Operations | RBRB18002064

+1(317) 509-9729

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Coldwell Banker Stiles, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

821 N State Road 135

QUICK SEARCH - SCHOOL DISTRICTS
There are 19 quick searches