201 S State Rd 135

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201 S State Rd 135

greenwood, IN 46142
Asking Price
$2.21M
Asset Type
Retail
Class
Class B

What's Special

201 S State Rd 135 is situated in the primary commercial corridor of Greenwood, Indiana. This retail site offers high visibility at a signalized intersection within a densely populated suburban neighborhood. The immediate area features a mix of established shopping centers, professional offices, and national food service chains. Transportation access is provided via State Road 135, a major north-south artery connecting Greenwood to Indianapolis and Bargersville, supported by high daily traffic counts and multiple nearby transit points. The property is suited for diverse retail use cases, ranging from specialized boutiques to high-turnover service providers. Typical tenant profiles for this location include medical offices, fast-casual dining, insurance agencies, and convenience-based retail outlets. The site’s positioning within a mature trade area makes it a viable option for businesses targeting local household demographics and commuters seeking accessible roadside services.

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NOI
$80,000
Cap Rate
3.62%
DSCR
0.61
Underwater
Cash-on-Cash
-7.72%
Monthly Payment
$10,933.874
Annual Cash Flow
$-51,206.49

Location & Travel Times