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(SOLD) $1,200,000

640 S Madison Avenue Greenwood, IN  46142

  • 7,500 sq. Ft

Property Description for 640 S Madison Avenue Greenwood, IN 46142

7,506 sq ft Retail/Office located in the heart of downtown Greenwood. This prime location guarantees street visibility, high foot traffic and maximum exposure. Property consists of two buildings: 1.) Main building of 6,000 sq ft. and 2.) Freestanding 1,500 sq ft secondary building. Building 1 is at half capacity and building 2 is currently fully leased until Oct 2025. Lit pylon signage is visible from the heavily traveled US 31. Surrounded by other existing shops, restaurants, gas stations and more as well as currently being developed additions, including "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for downtown Greenwood. The Madison features 18,700 square feet of retail space, and over 400 luxury condominiums, townhomes and apartments. Don't miss out on this lucrative and long-standing Investment Opportunity!
QuickBuy option for home selling

Address:640 S Madison Avenue Greenwood IN 46142
Status:Sold
Sold On: 11/25/2024
Price:$1,500,000
Bathrooms:0
Sq. Feet:7,500
Year Built:1998
Lot Size:0.90
County: Johnson
Township: Pleasant
MLS #:21981985
Property Type:Retail

Lot Dimensions:39204
Road Frontage:City Street, Highway
Road Access:Frontage Road
Road Surface:Asphalt
Zoning:Commercial Medium
Directions:GPS Friendly
Total Sq. Ft. :7,500

Loan Price
$7,498
Price And Interest $6,260/month
Property Tax $738/month
MTG INS $0/month
HOME INS $500/month
Price
$1,200,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$738/month
Home Owner Insurance
$6,000 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$4,425
Tax Year:2023
Mandatory HOA Fee:$

Area: 4102 - Johnson - Pleasant
City:Greenwood
Zip Code:46142

High School:Greenwood Community High Sch
Middle School:Greenwood Middle School

Total Sq. Ft.:7,500
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Mark Linder with CENTURY 21 Scheetz from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/30/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Greenwood Market Report

65
Avg. DOM
$164.66
Avg. $ / Sq.Ft.
$ 355,000
Med. List Price

The house prices in Greenwood are indeed dropping at the moment. There has been a decrease in price of $14,928.02. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Greenwood are going Down. The average house price is $360,000.00 and the average price per square feet is $165.19 per square feet. At the moment, the amount of homes listed is exactly 1344 houses, with 244 with active status, 162 with pending status and 938 sold in Greenwood .

The most popular place to buy a home in Greenwood is 4102 - Johnson - Pleasant. 4102 - Johnson - Pleasant is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Greenwood .

The average amount of property taxes you would have to pay for a home in Greenwood is $3,018.67. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Greenwood are staying listed for an average of 70 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Greenwood was 1564 minutes ago.

At the moment we have 19 open houses that you can visit.

The cost of the most expensive home in Greenwood is $3,799,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Greenwood is $139,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Greenwood in year 1800 and the newest built house is in year 2024.

The average size of properties in Greenwood is 2709.01 sq.ft. , the biggest one being 13367 sq.ft. and the smaller being 720 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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