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300 W Broadway St
Greenwood, IN 46142
Former City Hall · Office Property For Sale
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
Building Size
18,360 SF
Building Class
B
Year Built/Renovated
1920/2016
Price
$4,012,944 CAD
Price Per SF
$218.57 CAD
Cap Rate
6.97%
NOI
$279,776 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)
Amenities
- Atrium
- Controlled Access
- Conferencing Facility
- Direct Elevator Exposure
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,233,538 CAD | |
| Land Assessment | $413,673 CAD | Total Assessment | $1,647,211 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$413,673 CAD
Improvements Assessment
$1,233,538 CAD
Total Assessment
$1,647,211 CAD
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