7445 W SR 28 Elwood Listing Details & Market Data

The Retail/Flex has served as a Neighborhood Shopping Center with 12,218 SF of Retail and Flex space including a Truck Well, Warehouse and Shop area spaces located at the back of the building. The second floor includes 3,440 SF apartment space with the possibility for expansion of additional 2,216 SF of space. The former neighborhood center is located on 2.5 + acres of land and is an ideal site for Redevelopment. Elwood Indiana with an official population of 8,614, is in Madison County and is part of the growing Central Indiana region.

The proximity of Elwood to Indianapolis (39 miles away) poises the community to benefit from the continued expansion of the greater Indianapolis Metropolitan Area that is affecting communities throughout Central Indiana. Manufacturing is the dominant industry in Elwood.