7874 State Road 28, Elwood

7874 State Road 28, Elwood, IN 46036

Purpose unavailable

$250,000

Property Details

Bedrooms

Bathrooms

N/A

Sq Ft

N/A

Year Built

Additional Information

Property SubtypeMixed Use
MLS #MBR22111153
Lot Size4.09 Acres

Home Features

ParkingDetached

Providence Property Group, PC

Central Indiana real estate services

Office

612 N Madison Ave
Greenwood, IN 46142

Call/Text

(317) 746-0616

Email

garrettvaleu@providenceproperty.group

Description

Outstanding opportunity to own a versatile commercial property situated on 4.09 acres with excellent visibility along high-traffic State Road 28. Offering exceptional flexibility for both owner-users and investors, this property features two separate commercial buildings with endless possibilities. The primary building offers approximately 6,900 square feet and includes warehouse space, office area, restroom, and abundant storage/workspace. The second building consists of approximately 1,200 square feet of fully heated and cooled space with a restroom, making it ideal for office, retail, or additional business operations. Occupy one building while leasing the other to generate additional income, or utilize both buildings for your growing business. This property would be well suited for contractors, fleet operations, landscaping companies, light manufacturing, service businesses, distribution, storage, and many other commercial uses. Additional features include billboard rights for added income potential, city water and sewer, a large paved parking lot, and approximately two-year-old roofs on both buildings. Properties offering this combination of acreage, multiple buildings, visibility, and income potential are rarely available. Whether you're expanding your business or adding to your investment portfolio, this is an outstanding opportunity to acquire a high-exposure commercial property with tremendous upside. Whether you're looking to expand your business, establish a new headquarters, or add a high-performing asset to your investment portfolio, this property offers exceptional flexibility and outstanding income potential. With two separate buildings, billboard revenue, and multiple occupancy options, the possibilities are endless. Investors will appreciate the property's strong cap rate potential and long-term upside in this highly visible commercial location.

Location

Loading property map near viewport

7874 State Road 28, Elwood, IN 46036

Inquire About This Property

Preferred Contact Method

Need immediate assistance?

Call/Text Garrett: (317) 746-0616

Photo Gallery

Listing provided courtesy of Jason Snider at J. Snider Real Estate

Contact: snidergroup@gmail.com

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID

Based on information submitted to the MLS GRID as of August 28, 2026 at 6:12 AM 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.

© 2026 MLS GRID. REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics.