For sale Closed
1010 Mill Pond Dr, Greencastle, IN 46135 - Putnam County, Indiana
Outstanding opportunity to acquire a commercial property in Greencastle, IN with a proven long-term tenant. This site has been home to the Indiana Bureau of Motor Vehicles for more than 20 years under a favorable lease, ensuring minimal landlord responsibilities. With the current tenant there are no real estate taxes on the property.
The property spans 0.98+/- acres and includes a 4,947+/- sq ft building, built in 2004, along with a 15,180+/- sq ft parking lot providing ample customer convenience. The location is excellent - situated in Greencastle Township, just East of Greencastle High School. With easy access from Veterans Memorial Highway (US-231) via Mill Pond Drive, the site benefits from both visibility and accessibility.
With a strong, creditworthy tenant and reliable cash flow, this property is an ideal choice for investors looking for secure, long-term income in a community-centered market.
1010 Mill Pond Dr, Greencastle, IN 46135
The roofing was entirely replaced in 2023. There are 3 HVAC units: one replaced in 2020, one in 2021 and one in 2022.
This property sold through Schrader. Ask Hale Jordan, who handled it, what your property would bring in today's market. There is no obligation.


CASH