Key facts
- Lot
- 0.11 acres
- Year built
- 1980
- Type
- Commercial Sale · Retail
- MLS #
- 22042069
- County
- Putnam
About this home
Prime commercial opportunity on Hwy. 231 that is walkable to DePauw University & downtown. Unlock the potential of this high-visibility commercial property located directly on Hwy. 231 and just a short walk to the DePauw University campus and Greencastle's vibrant historic downtown. Whether you're launching a new venture or expanding an existing one, this location offers unbeatable exposure and foot traffic in one of the city's most desirable commercial corridors. The property features a 300 sq. ft. building-ideal for a variety of uses under General Business zoning. Think coffee kiosk, boutique retail, food truck hub, office space, or creative studio-the possibilities are wide open. Property could also be redeveloped. Ample on-site parking with three different curb cuts provides convenience and easy access for customers and clients, while the fully remediated lot (with old gas tanks professionally removed) ensures smooth sailing when it comes to environmental inspections and financing. With excellent traffic counts, walkability to key destinations, and a clean slate ready for your ideas, this is a rare opportunity to secure a strategic commercial footprint in a fast-growing area. New sidewalks and curbs with upgraded street lighting on the way. Bring your vision-this property is ready for business!
Description provided by the listing brokerage.
Exterior
- Parking and garage
Systems
- Utilities
Lot and HOA
- Zoning
- General Business
Schools
- Elementary school
- Martha J Ridpath Elementary School
- Middle school
- Greencastle Middle School
- High school
- Greencastle Senior High School
- School district
- Greencastle Community School Corp
Taxes
- Estimated annual tax
- $702 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2024
Estimate your monthly payment
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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