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    1500 State Road 135 Greenwood, IN 46143

    Sponsored
    For Sale
    $725,000

    Prime 2.5-acre retail lot, high traffic area.

    Property size:
    10,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2.51-acre retail lot, located at 1500 S State Road 135 in Greenwood, Indiana, presents a unique opportunity for development. Boasting 10,000 square feet of buildable space, the property offers significant frontage on State Road 135, measuring 230.42 feet, with a depth of 649 feet. The lot's irregular shape and sloping elevation make it ideal for a building with a basement, maximizing usable space. A preferred building site is at the top of the lot, providing excellent visibility from State Road 135. The interior of the development provides ample space (268 feet) for convenient ingress and egress. The property includes two parcels and features a rear area with mature trees, creating a park-like setting beneficial for both employees and customers. A drainage easement is located at the rear of the property. A pylon sign is also available, enhancing visibility and advertising potential. This high-traffic location offers exceptional exposure and presents a compelling opportunity for a variety of retail developments. The asking price is $725,000.

    Property Features for 1500 State Road 135

    General Information

    Property type
    Retail properties
    Square Feet
    10,000 SF
    Lot Size
    109,336 SF
    Property Profile 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
    -86.15927
    Latitude
    39.59468

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    FAQs

    What type of property is this?
    Retail property - Prime 2.5-acre retail lot, high traffic area.
    Where is this retail property located?
    The property is located at 1500 State Road 135 Greenwood, IN.
    What is the asking price?
    The asking price for this property is $725,000.
    (317) 590-8630
    Request Owner's contact information
    1500 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
    1500 State Road 135 Greenwood, IN 46143
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