821 N State Road 135 Greenwood, IN $ 1,299,000
821 N State Road 135
$ 1,299,000
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821 N State Road 135

Greenwood, IN, 46142
$ 1,299,000
Bedrooms-- Baths-- Sq 25,265

Monthly Estimate*

$ 7,998

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Commercial Property for sale in Greenwood, IN

for $1,299,000. This 25,265 square foot building was built on a lot size of 0.58.

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)

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Commercial Active

Price

$ 1,299,000

Property Type

Commercial

Taxes

$ 25,202

Style

Office

Lot Size

0.58

Town/City

Greenwood

County/Region

Johnson

MLS | Web ID

22109233

Features
General
Utilities Cable Available Cable Connected Electricity Connected Natural Gas Available Natural Gas Connected
Possession Closing
Zoning CM
Security Features Fire Alarm
Stories Count 3
Township White River
Property Subtype Office
Tax Year 2025
Current Use Medical/Dental
County Johnson
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School Center Grove High School
City Greenwood
High School District Center Grove Community School Corp
MLS Area 4101 - Johnson - White River
Lot Size Square Feet 25265
Standard Status Active
Tax Lot 3 2
Legal Description United Methodist Church Minor Sub Lot 3 Replat Of Lot 3 Of The Replat Of Lot 2
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Exterior
Building Area Total 25265
Lot Size Acres 0.58
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* Excluded Features
List By
Myl Realty, Llc

Broker

deshuangman@yahoo.com

Email

Affordability Calculator

$10,098
Per Month
79%
21%
0%
Monthly Principal & Interest
$7,998
Monthly Property Taxes
$2,100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045213 Elementary School
4045218 Middle School
Center Grove High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$1,299,000 Listed Price

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821 N State Road 135, Greenwood, IN, 46142 is a Commercial Property for sale at $1,299,000 with 25,265 sqft and a lot size of 0.58. The property's zip code is 46142 which is in Greenwood, IN