Additional Details

Property Details

Lot Dimensions:

25265

Zoning:

CM

Total Sq. Ft.:

25, 265

Directions:

GPS Friendly

Schools

High School:

Center Grove High School

Tax and Financial Info

Semi-Annual Property Tax:

$12, 601

Tax Year:

2025

Quick View

Address:

821 N State Road 135 Greenwood IN 46142

Status:

Active

On Site:

15 Days On Site

Price:

$1, 299, 000

Sq. Feet:

25, 265

Lot Size:

0.58

County:

Johnson

Township:

White River

MLS #:

22109233

Property Type:

Office

Community Information

Area:

4101 Johnson White River

City:

Greenwood

Zip Code:

46142

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)

Source: MIBOR as distributed by MLS GRID, MLS ID: 22109233

Listing provided courtesy of Deshuang Man 317-688-1558 with MYL Realty, LLC

Last Updated: 6/19/2026 | 10:28 PM

Home Details

Status: Active

Price: $1,299,000

Address: 821 N State Road 135, Greenwood, IN 46142

Bedrooms:

Bathrooms: 0

Square Feet: 25,265

15 days on Site

• Property Type: Commercial sale
• 15 days on Site
• 0.58 Lot Size