190 W Green Meadows DR new Save Request In-Person Tour Request Virtual Tour
Greenfield,IN 46140
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,516 sqft
Price per Sqft $117
MLS Listing ID 22058126
Year Built 1994
Tax Year 2024
Lot Size 1.520 Acres
Acres 1.52
Property Sub-Type Mixed Use
Property Description
This premier educational facility offers investors a rare opportunity to secure a high-visibility property under a true triple-net lease. The tenant, a well-established autism school, has committed to a five-year buy-and-leaseback arrangement with three percent annual rent escalations. All expenses, including maintenance, insurance, and taxes, are borne by the tenant, providing the owner with stable, low-management income and predictable growth. The property itself has been extensively upgraded to ensure long-term durability and minimal capital needs. Recent improvements include a new roof (2024), three new commercial HVAC systems (2024), new flooring (2024), and a new ceiling (2025). The campus is fully fenced and features a newly installed commercial-grade playground with artificial turf, and the parking lot has been recently resurfaced and patched. Together, these enhancements underscore the turnkey nature of the investment. Greenfield, Indiana, is one of the Indianapolis metro's most attractive submarkets, combining small-town charm with strong regional connectivity. Located just 25 miles east of downtown Indianapolis, the city offers direct access to U.S. Route 40 and Interstate 70, ensuring high drive-by visibility and ease of access. The community has seen impressive growth in recent years, with population increasing by nearly three percent year over year, median household incomes rising more than seven percent, and home values climbing over thirteen percent in the past year alone. This steady upward trajectory reflects both the desirability of the area and its economic stability. The local economy is anchored by healthcare, life sciences, and advanced manufacturing, with major employers such as Hancock Regional Hospital, Elanco, Avery Dennison, and Stanley Black & Decker providing a diverse and resilient employment base.
Location
State IN
County Hancock
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
New Construction false
Schools
Elementary Schools Jb Stephens Elementary School
Middle Schools Greenfield Central Junior High Sch
High Schools Greenfield-Central High School
School District Greenfield-Central Com Schools