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    3124 Smith Valley Rd Greenwood, IN 46142

    For Sale
    $995,000

    High-visibility retail space, I-69 access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 2-acre retail property at 3124 W Smith Valley Road, Greenwood, IN, presents a unique investment opportunity. Ideally situated adjacent to CVS and backing Menards, this location boasts high traffic counts and excellent visibility. The property's strategic placement benefits from its proximity to the proposed connection to Marlin Drive, enhancing accessibility. Future infrastructure improvements are planned for Smith Valley Road, capitalizing on the major I-69 interchange to I-65, further increasing traffic flow and visibility. The property is comprised of three parcels totaling approximately 2 acres, and there's potential for expansion with additional acreage available to the west. This versatile site is suitable for a variety of uses, including office space, retail establishments, restaurants, or a car wash. The property's location within the thriving Center Grove community ensures a strong customer base. Showings require 24-hour advance notice

    Property Features for 3124 Smith Valley Rd

    General Information

    Property type
    Retail properties
    Lot Size
    87,120 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.16146
    Latitude
    39.60666

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, I-69 access.
    Where is this retail property located?
    The property is located at 3124 Smith Valley Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $995,000.
    (317) 590-8630
    Request Owner's contact information
    3124 Smith Valley Rd Greenwood, IN 46142
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    Greenwood, IN 46142
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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
    3124 Smith Valley Rd Greenwood, IN 46142
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