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    2231 S State Road 135 Greenwood, IN 46143

    Pending
    For Sale
    $990,000

    Commercial Land - Greenwood, IN

    Lot size:
    9.96 Acres
    Days on Market:
    184
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 2231 S State Road 135

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R4
    APN
    410412032013000041
    Lot size
    9.96 Acres

    Building Details

    Architectural style
    Other

    Keller Williams Indy South (317) 882-5900 [email protected]

    Listing agent David Lucas (317) 882-5900 License #RB14044269

    Listing date Jun 11, 2025

    MLS# 21795285 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Greenwood Land with Development Potential

    This property features just under 10 acres of land situated in Center Grove. The tract of land presents endless opportunities. Mature trees and a creek are located on the property. A 3-bedroom log home is present on the property, and the seller is willing to remove it. The zoning is R4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.157028
    Latitude
    39.583486

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    FAQs

    What type of property is this?
    Land - 9.963 acres of land in the heart of Center Grove.
    Where is this land located?
    The property is located at 2231 S State Road 135 Greenwood, IN.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: - Just under 10 acres of land in Center Grove.; - Mature trees on the property.; - Creek on the property.
    (317) 882-5900
    Request Owner's contact information
    2231 S State Road 135 Greenwood, IN 46143
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    Greenwood, IN 46143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2231 S State Road 135 Greenwood, IN 46143
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