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1651 E Us Highway 40

Greencastle, IN 46135

ActiveListed Feb 14, 2022 · 1627 days on market

Key facts

Lot
4.89 acres
Year built
1987
Type
Commercial Sale · Retail
MLS #
21837913
County
Putnam

About this home

Corner lot with very high traffic count. Great location for any business. There two parcels one is 2.95A, the other is 1.94 acres total of 4.89 acres. There is a 60x42 pole barn with poured concrete floor and electric/heat and a huge over head service door built in 1987 and an older building built in 1960. Entrance with a turning lane on US Highway 40 and an entrance off of US 231. Front building left for possible boundary grandfather provisions.

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedNatural Gas Available

Lot and HOA

Zoning
commercial

Schools

Middle school
South Putnam Middle School
High school
South Putnam High School
School district
South Putnam Community Schools

Taxes

Estimated annual tax
$4,194 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$8,436per month, estimated
Principal and interest $7,561Property tax $350Insurance $525
20% · $300,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,500,000
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