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    Worthsville Rd West Greenwood, IN 46143

    Pending
    For Sale
    $800,000

    Commercial Land - Greenwood, IN

    Lot size:
    2.03 Acres
    Days on Market:
    159
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for Worthsville Rd West

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    CL
    APN
    410508041034000030
    Lot size
    2.03 Acres

    Building Details

    Architectural style
    Other

    CENTURY 21 Scheetz (317) 844-5111 [email protected]

    Listing agent Jenny Laughner (317) 844-5111 License #RB14042097

    Listing date Jul 1, 2025

    MLS# 22020038 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 Approved for Development

    This 2.03-acre property in Greenwood presents a mixed-use development opportunity. Fully approved for a multi-family project, the site plan includes one 2-story building with 16 units and one 3-story building with 24 units, totaling 40 residential units. A state permit is on file, and utilities are available at the site, facilitating immediate development. The property is located in a high-growth area, surrounded by commercial hubs, retail centers, and amenities. Nearby are shopping centers, dining destinations, and essential services. The location provides access to highways, schools, parks, and healthcare facilities. The property is zoned CL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.104553
    Latitude
    39.586655

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    FAQs

    What type of property is this?
    Commercial land - 2+ acre mixed-use development opportunity in Greenwood, Indiana.
    Where is this commercial land located?
    The property is located at Worthsville Rd West Greenwood, IN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Fully approved for a 40-unit multi-family project, featuring a mix of 2-story (16 units) and 3-story (24 units) buildings.; - Utilities are already at the site, for immediate development.; - Located in a high-growth area of Greenwood, surrounded by commercial hubs and retail centers.
    (317) 844-5111
    Request Owner's contact information
    Worthsville Rd West 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
    Worthsville Rd West Greenwood, IN 46143
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