Elwood Retail/Flex Space

7445 W SR 28, Elwood, IN 46036

$400,000 Investment, Retail, Mixed Use For Sale

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Sale Price
$400,000
Year Built
1954
Building Size
17,871 SF
Date Available
Immediate
VPD
7,800
Property Type
Investment, Retail, Mixed Use

Highlights

Owner/user investment opportunity
17,871 total building SF
Mixed-use space includes residential, retail, warehouse, workshop, and truck well.
12,218 SF on ground level & 5,656 SF on second level
Excellent visibility on SR 28

Overview

This plaza previously served the Elwood area as a neighborhood shopping center. The building boasts 12,218 SF of ground-level retail, office, and warehouse space, which includes a truck well, large warehouse, and shop areas. The second floor includes 3,440 SF of apartment space with an opportunity to expand to 5,656 SF. Located on 2.55 acres of land, this is an ideal site for redevelopment.

Elwood, IN has a population of 8,614 and is located in Madison County, a growing area in central Indiana. The city is also located 39 miles north of Indianapolis, which poises the community to benefit from the continued expansion of the greater Indianapolis metropolitan area. Manufacturing serves as the primary industry in Elwood. Valentine’s Plaza sits on the east end of Elwood along the Main St/SR 28 retail corridor. Neighboring businesses along Main St/SR 28 include McDonald’s, Wendy’s, AutoZone, Noble Roman’s Pizza, Dollar General, and O’Reily Auto Parts.