Greenwood, IN Commercial Real Estate for Sale

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Bargersville, IN Indianapolis, IN Whiteland, IN

68 listings

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$1,250,000

7,506 SF

Greenwood Retail/Office Investment Opportunity

640 S Madison Avenue, Greenwood, IN 46142

Prime retail/office space in downtown Greenwood with high visibility.

Prime downtown Greenwood location with high foot traffic and street visibility.
Two buildings totaling 7,506 sq ft: a 6,000 sq ft main building and a 1,500 sq ft freestanding secondary building.
Current leases in place through at least October 2027, with a portion of the main building leased through November 2030.
Located near "The Madison", a large mixed‑use development with retail space and over 400 residential units.
Lit pylon signage visible from heavily traveled US 31.

Updated: May 21

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$775,000

0.80 Acres

Freestanding Retail/Office Building

4978 W Smith Valley Road, Greenwood, IN 46142

Freestanding building with B-1 zoning on 0.8 acres, positioned at a major road intersection for office or retail use.

Ultra‑prime location at the intersection of Smith Valley Road and Morgantown Road.
4400 square foot building on nearly an acre of land.
Versatile space suitable for office or retail use.
Conveniently located within a 20‑minute drive to downtown Indianapolis and the Indianapolis International Airport.
Property is priced to sell quickly, allowing budget for upgrades.

Updated: Mar 20

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$799,900

0.57 Acres

Commercial Building with Road Frontage

Visible commercial building off Fry Road with substantial frontage, parking on-site, and flexible layout for multiple business uses.

730 Fry Road, Greenwood, IN 46142

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$1,125,000

74,836.00 Acres

Freestanding Auto Repair Building

Former auto repair shop on 3 commercial parcels, suited for redevelopment into office or retail space.

4978 W Smith Valley Road, Greenwood, IN 46142

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$695,000

3,440 SF

Greenwood Office Building For Sale

3,440 SF office building with 18 parking spots.

200 N Emerson Ave, Greenwood, IN 46143

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$1,100,000

21.25 Acres

Zoned R-2 Farmland Tract

21.25-acre R-2 agricultural tract with city water available and defined building site area for development planning.

1346 S Morgantown Road, Greenwood, IN 46143

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$2,500,000

36.85 Acres

Agricultural Land with Pole Barn

R-2 zoned farmland includes a 1,600-ft pole barn and a 4.95-acre lake, with city water available nearby.

Morgantown S Road, Greenwood, IN 46143

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$1,900,000

30.85 Acres

Agricultural Land with Pole Barn

30.85 acres zoned R-2 with city water available and an on-site pole barn plus a lake.

S Morgantown S Road, Greenwood, IN 46143

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Greenwood Retail Building with Warehouse

$3,500,000

19,500 SF

Greenwood Retail Building with Warehouse

High-visibility commercial property with stable income and growth potential.

645 U.S. Highway 31 North, Greenwood, IN 46142

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$600,000

6.00 Acres

Zoned Residential Farmland Tract

Six-acre residentially zoned agricultural parcel with city water available, offering flexibility for future development planning.

S Runyon Road, Greenwood, IN 46143

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$325,000

7.78 Acres

Agricultural Land with Historic Barn

A 7.78-acre parcel with a historic barn, pond, screened pavilion, and outbuildings, suited for a range of lifestyle and land uses.

2021 Old State Road 37, Greenwood, IN 46143

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$569,000

0.89 Acres

Neighborhood Commercial Development Land

Nearly 0.9-acre site with about 125 feet of road frontage, suited for a range of neighborhood commercial uses.

4648 W Smith Valley Road, Greenwood, IN 46142

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$2,210,000

4,051 SF

Shops on Meridian Retail Property

Fully leased retail property with national tenants in Greenwood, Indiana.

201 S State Rd 135, Greenwood, IN 46142

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$799,900

5,405 SF

Freestanding Commercial Building

Highly visible building with extensive Fry Road frontage and an on-site parking lot for flexible office, medical, or retail use.

730 FRY RD, Greenwood, IN 46142

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Contact for pricing

0.14 Acres

C1 Zoned Retail Storefront

Two-address retail property with C-1 zoning, offering flexibility for commercial or service uses subject to approvals.

176 -180 W Main Street, Greenwood, IN 46142

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$799,000

2.01 Acres

Two-Story Office Building and Pole Barn

Two-story office building with private rooms, community space, kitchen, and four bathrooms, plus an additional pole barn.

774 S Morgantown Road, Greenwood, IN 46143

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$695,000

3,440 SF

Greenwood Office Building For Sale

3,440 SF office building on 0.32 acres in Greenwood, IN.

200 North Emerson Avenue, Greenwood, IN 46143

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$1,050,000

6,000 SF

Warehouse/Office with Tax Abatement

6,000 SF warehouse/office with HVAC and tax abatement.

1257 Airport Parkway, Greenwood, IN

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Neighborhood Commercial Development Land

$569,000

1,890 SF

Neighborhood Commercial Development Land

Commercial land with 125 feet of frontage on Smith Valley Road for owner-users and developers targeting neighborhood services.

4648 W SMITH VLY RD, Greenwood, IN 46142

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$1,575,000

2.00 Acres

Specialty Property with CM Zoning

For-sale specialty property on a 2-acre lot with CM zoning in Greenwood, Indiana.

1000 N State Road 135, Greenwood, IN 46142

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$825,000

0.50 Acres

Multi-Suite Office Building

Multi-suite office property with individual suite entrances and independently controlled HVAC for flexible tenant use.

918 Fry Road, Greenwood, IN 46142

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Downtown Greenwood Retail/Office Investment

$1,250,000

7,506 SF

Downtown Greenwood Retail/Office Investment

Prime retail/office space in downtown Greenwood with long-term leases.

640 South Madison Avenue, Greenwood, IN 46142

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Greenwood Commercial Building with Warehouse

$3,500,000

19,500 SF

Greenwood Commercial Building with Warehouse

High-visibility commercial property with retail and warehouse space for sale.

645 US-31, Greenwood, IN 46142

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$2,500,000

2,500 SF

Unique Event Venue Opportunity

Mid-Century Modern conference center on nearly 7 wooded acres.

944 Fry Road, Greenwood, IN 46142

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Greenwood, IN Commercial Real Estate Investment Opportunities Market Analysis

Explore 72 commercial real estate for sale in Greenwood, IN, showcased through 68 active listings on our real estate platform. These investment opportunities span a total of 425,648 square feet of properties for sale, with an estimated market value of $61,771,950.

Sale prices for business properties in Greenwood, IN start at $350,000, averaging $1,992,643, and reaching up to $9,854,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 94K

Population Growth (5Y) +11.0%

Median Household Income $87,969

College Educated 52.3%

High-Yield Neighborhoods for Investment

Identify Greenwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46142	$1.4M
46143	$2.6M

Taxes & Financing

Tax Rate (average for all types) 1.90%

Property Tax per SF $33.72 per SF

Tax Rate vs County Average 0.13 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Johnson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Greenwood fall within the 100,000+ square foot range.

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