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$1,299,000
New Listing

821 N State Road 135
Greenwood, IN 46142

For Sale|Office|Active
0
Beds
0
Total Baths
25,265
SqFt
$51
/SqFt
County:
Johnson
Listing courtesy of MYL Realty, LLC (317) 993-2766
Call Now: 317-965-4849
Is this the listing for you? We can help make it yours.
317-965-4849
821 N State Road 135821 N State Road 135821 N State Road 135821 N State Road 135
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Monthly Payment (Est.)

$5,927
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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)

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Listing Snapshot
Price 
$1,299,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
25,265 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.58 Acres
Year Built 
N/A
MLS® Number 
22109233
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
19 hours agoListing first seen on site
19 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.58
Additional Property Use 
Medical/Dental
Number Of Stories 
3
Property Sub Type 
Office
Security 
Fire Alarm
SqFt Total 
25265
Utilities 
Cable AvailableCable ConnectedElectricity ConnectedNatural Gas AvailableNatural Gas Connected
Zoning 
CM
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Community Features
MLS Area 
4101 - Johnson - White River
School District 
Center Grove Community School Corp
Township 
White River
Schools
School District
Center Grove Community School Corp
Elementary School
Unknown
Middle School
Unknown
High School
Center Grove High School
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 2026-06-20 02:39 PM 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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