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Former City Hall 2 N Madison Ave 18,360 SF 95% Leased Office Building Greenwood, IN 46142 $4,020,673 CAD ($218.99 CAD/SF) 6.97% Cap Rate

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Executive Summary

Positioned for long-term growth in Greenwood. Fully restored in 2016 with an additional $75,000 in capital improvements in 2025. 750 square feet is vacant for upside potential. Full basement and sub-grade space for possible expansion of rentable square footage. The elevator and sprinkler system make this a treasure in this sub-market. Additional parking spaces secured weekdays under long-term lease across Broadway St. All remote electronic access, security, fire, and HVAC controls. Financials and tenant leases provided to serious inquiries only. Reach out to Eric.

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Loft/Creative Space

Building Size

18,360 SF

Building Class

Year Built/Renovated

1920/2016

Price

$4,020,673 CAD

Price Per SF

$218.99 CAD

Cap Rate

6.97%

NOI

$280,314 CAD

Percent Leased

95%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

9,180 SF

Building FAR

0.98

Lot Size

0.43 AC

Zoning

C - Commercial - Downtown

Parking

40 Spaces (2.18 Spaces per 1,000 SF Leased)

Atrium
Controlled Access

Conferencing Facility

Direct Elevator Exposure

Air Conditioning

Space Availability

Space
Size
Space Use
Condition
Available

2nd Fl-Ste 252 & 254
323-750 SF
Office
Shell Space
Now

2 N Madison Ave, Greenwood, IN for sale Interior Photo- Image 1 of 4 — Interior Photo

2 N Madison Ave, Greenwood, IN for sale Interior Photo- Image 2 of 4 — Interior Photo

2 N Madison Ave, Greenwood, IN for sale Interior Photo- Image 3 of 4 — Interior Photo

2 N Madison Ave, Greenwood, IN for sale Interior Photo- Image 4 of 4 — Interior Photo

FOR LEASE in the heart of old town Greenwood, this historic building was completely renovated in 2016. Currently houses an ABA firm on the first floor. The building features two floors of professional office suites, meeting rooms, collaboration spaces, central reception areas, break rooms, and an open atrium event space and kitchen suitable for catering and event rentals. The ideal floor plan for medical, professional services, and educational uses. Walking distance to popular destinations like Vino Villa, La Trattoria, local craft breweries and distilleries, banking, and retail. Suites 200, 252, and 254 are available. See floor plan

Space	Size	Space Use	Condition	Available
2nd Fl-Ste 252 & 254	323-750 SF	Office	Shell Space	Now

Size

323-750 SF

Space Use

Office

Condition

Shell Space

Available

Now

1 of 4

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

Size	323-750 SF
Space Use	Office
Condition	Shell Space
Available	Now

1 1

Map
Site Plan

2 N Madison Ave, Greenwood, IN - Site Plan - Image 1

2 N Madison Ave, Greenwood, IN - Site Plan - Image 2

2 N Madison Ave, Greenwood, IN - Site Plan - Image 3

Walk Score®

Very Walkable (72)

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Property Taxes

Parcel Numbers	Multiple 41-02-32-024-143.000-026 41-02-32-024-055.000-026	Improvements Assessment	$1,233,538 CAD
Land Assessment	$413,673 CAD	Total Assessment	$1,647,211 CAD