$1,299,000
Active

821 N State Road 135

Greenwood, IN 46142
Browse more homes in Greenwood, IN
25,265
SqFt
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)
821 N State Road 135

LISTING SNAPSHOT

Price$1,299,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)25,265 sqft
Lot Size0.58 Acres
Year Built0
MLS® Number22109233
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A

GENERAL

Acres0.58
Additional Property UseMedical/Dental
Number Of Stories3
Property Sub TypeOffice
SecurityFire Alarm
SqFt Total25265
UtilitiesCable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected
ZoningCM

COMMUNITY

MLS Area4101 - Johnson - White River
School DistrictCenter Grove Community School Corp
TownshipWhite River

SCHOOLS

School DistrictCenter Grove Community School Corp
High SchoolCenter Grove High School

RECENT ACTIVITY

June 19, 2026Active

Listing courtesy of MYL Realty, LLC (deshuangman@yahoo.com)

Listing courtesy of MYL Realty, LLC (317) 993-2766



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-08-26 12:27 AM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Comps

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