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Medical Office with Retail Space
For Sale
$2,350,000
Pending

1000 Us Highway 31 S, Greenwood, IN 46143

Commercial Sale, Greenwood, IN

Property SizeContact for details
Lot Size1.53 Acres
Days on Market799

Property Features for 1000 Us Highway 31 S

General Information

Property type Residential
Property subtype Office
Zoning Commercial Large
Middle school Greenwood Middle School
High school Greenwood Community High Sch
Elementary school district Greenwood Community Sch Corp
Middle school district Greenwood Community Sch Corp
High school district Greenwood Community Sch Corp
Directions GPS Friendly
Subdivision 4102 - Johnson - Pleasant
Standard status Pending
APN 410505013007000026
Lot size 1.53 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description Pt Ne S5 T13 R4
Legal Description Pt Ne S5 T13 R4

Amenities

signage

Building Details

Year built 2016
Listing Agency: CENTURY 21 Scheetz · Century 21 Real Estate
Listed By: Mark Linder · License #RB14044403
Added: Jun 21, 2024 Changed: Aug 19 Last Checked: Aug 28 at 10:06AM
MLS# 21986062

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 1.53-acre commercial property combines medical office and retail space within a building constructed in 2016. Ample parking and signage are available, supporting customer access and business identification.

The property is positioned along U.S. 31, one block south of Smith Valley Road in Greenwood, Indiana. It is also located a few blocks from The Madison, a downtown development featuring more than 18,700 square feet, over 400 private residences, shopping, and restaurants.

Key Highlights

  • Combined medical office and retail space
  • 1.53‑acre commercial property
  • Building constructed in 2016

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

517
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46143, IN

62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Medical Office Space - Built in 2016 with ample parking and available signage for commercial operations.
Where is this medical office space located?
The property is located at 1000 Us Highway 31 S Greenwood, IN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Combined medical office and retail space; 1.53‑acre commercial property; Building constructed in 2016
More about this property
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