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821 North State Road 135, Greenwood, IN 46142

$1,299,000
1 day on market
Updated 1 day ago

821 North State Road 135

Details
Property Type Office, Hospitality
Sub Type Traditional Office, Medical Office
Square Footage 8,500
Lease Type Gross
Zoning CM
Parking Spaces 30 spaces
Sale Condition N/A

About This Property

Investment highlights

Headline: Prime Investment Opportunity in Greenwood! 8,500 SF Multi-Tenant Commercial Office Building with Immediate Cash Flow

Overview:

Seize this rare opportunity to acquire a commanding, 3-story premier commercial office building perfectly situated in the fast-growing commercial hub of Greenwood, Indiana. Boasting approximately 8,500 square feet of versatile space and zoned CM (Commercial Medium), this property offers incredible flexibility for savvy investors, owner-users, or medical/professional tenants looking to establish a flagship presence.

Income-Generating & Anchored:

Positioned for immediate financial performance, the entire 2nd floor is fully leased to an established medical doctor’s clinic, providing a secure, high-caliber anchor tenant and immediate, stable rental income from day one.

Value-Add & Upside Potential:

The 1st and 3rd floors are currently available for lease, offering an exceptional value-add opportunity. Whether you look to occupy a floor for your own business or lease them out to maximize your cap rate and cash flow, the layout accommodates a wide range of professional layouts—from corporate headquarters and tech firms to multi-tenant executive suites.

Key Features & Highlights:

Premium Location:Strategically located in Greenwood, IN, with high visibility, excellent traffic counts, and seamless access to major thoroughfares.

Zoning Versatility: CM (Commercial Medium) zoning permits a wide array of professional, medical, and retail-office uses.

Impressive 3-Story Layout:Structural excellence across three expansive floors with abundant natural light, professional entryways, and ample parking for staff and patients/clients.

Turnkey Medical Floor: The second-floor clinic draws consistent, high-quality foot traffic to the building, elevating the profile of the entire property.

Don’t miss out on one of Greenwood’s most versatile commercial assets. Schedule your private tour today and explore the immense potential this 3-story corporate property has to offer!

Listing Contacts

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Map

Zoning

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CM CommercialSpecial CommercialCommercial Medium Format
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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