Neighborhood Commercial Development
For Sale
$569,000
4648 W Smith Valley Road, Greenwood, IN 46142
SINGLE_FAMILY - Greenwood, IN
Lot Size0.89 Acres
Days on Market63
Property Features for 4648 W Smith Valley Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
SR
High school
Center Grove High School
Elementary school district
Center Grove Community School Corp
Middle school district
Center Grove Community School Corp
High school district
Center Grove Community School Corp
Directions
Just east of Morgantown Road on the north side of Smith Valley Road
Subdivision
4101 - Johnson - White River
Standard status
Active
APN
410334034076000038
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E Sw S34 T14 R3
Legal Description
E Sw S34 T14 R3
Utilities
Utilities
Cable Available
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 881-3700
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Added: May 29
Changed: Jun 16
Last Checked: Jul 30 at 6:06PM
MLS# 22105440
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This nearly 0.9-acre commercial land parcel is identified for potential neighborhood commercial development and is zoned SR. The site includes existing improvements that may be repurposed for continued use, or the property can be redeveloped for a new commercial project. Frontage along Smith Valley Road totals approximately 125 feet, supporting visibility to passing traffic.
Located at 4648 W Smith Valley Road in Greenwood, Indiana, the property sits in White River Township in Johnson County. Public remarks indicate the Johnson County Comprehensive Plan designates the property as Neighborhood Commercial, which is described as supporting professional office, medical, retail, restaurant, and service-oriented businesses. The listing further notes an estimated 14,000 vehicles per day passing the frontage.
For owner-users and developers, the combination of frontage and the Neighborhood Commercial planning designation provides flexibility in concept and tenant mix within the SR zoning framework. Existing improvements offer an option for continued use, while redevelopment may better align with a new commercial build tailored to neighborhood service needs.
Located at 4648 W Smith Valley Road in Greenwood, Indiana, the property sits in White River Township in Johnson County. Public remarks indicate the Johnson County Comprehensive Plan designates the property as Neighborhood Commercial, which is described as supporting professional office, medical, retail, restaurant, and service-oriented businesses. The listing further notes an estimated 14,000 vehicles per day passing the frontage.
For owner-users and developers, the combination of frontage and the Neighborhood Commercial planning designation provides flexibility in concept and tenant mix within the SR zoning framework. Existing improvements offer an option for continued use, while redevelopment may better align with a new commercial build tailored to neighborhood service needs.
Key Highlights
- 0.89‑acre commercial site in White River Township with Neighborhood Commercial designation (Johnson County Comprehensive Plan).
- Approximately 125 ft of frontage along Smith Valley Road.
- Cable available.
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 41%
Dining 27%
Shops & Services 23%
Electronics 3%
Rural King
Home Improvements & Furnishings
52,371 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,288 visits/mo
0.2 miles
Dunkin' Donuts
Dining
10,807 visits/mo
0.1 miles
Burger King
Dining
10,349 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
10,232 visits/mo
0.2 miles
Demographics for 46142, IN
32,052
Population
14,396
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,151
Density / Sq Mi
$85,611
Median Household Income
$47,831
Median Earnings
$1,122
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Nearly 0.9-acre site with about 125 feet of road frontage, suited for a range of neighborhood commercial uses.
Where is this commercial land located?
The property is located at 4648 W Smith Valley Road Greenwood, IN.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 0.89‑acre commercial site in White River Township with Neighborhood Commercial designation (Johnson County Comprehensive Plan).; Approximately 125 ft of frontage along Smith Valley Road.; Cable available.
