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821 N State Road 135

Greenwood, IN 46142

ActiveListed Jun 19, 2026 · 1 day on market

Key facts

Living area
25,265 sqft
Lot
0.58 acres
Type
Commercial Sale · Office
MLS #
22109233
County
Johnson
Total building area
25,265 sqft

About this home

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)

Description provided by the listing brokerage.

Interior

Security
Fire Alarm

Systems

Utilities
Cable AvailableCable ConnectedElectricity ConnectedNatural Gas AvailableNatural Gas Connected

Lot and HOA

Zoning
CM

Schools

High school
Center Grove High School
School district
Center Grove Community School Corp

Taxes

Estimated annual tax
$25,202 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$9,103per month, estimated
Principal and interest $6,548Property tax $2,100Insurance $455
20% · $259,800
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$1,299,000
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