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    1000 Us Highway 31 S Greenwood, IN 46143

    For Sale
    $2,350,000

    Office - Greenwood, IN

    Type:Office
    Property size:
    12,293 SF
    Lot size:
    1.53 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 1000 Us Highway 31 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial Large
    APN
    410505013007000026
    Size
    12,293 SF
    Lot size
    1.53 Acres

    Building Details

    Year built
    2016
    Architectural style
    Other

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

    Listing agent Mark Linder (317) 844-5111 License #RB14044403

    Listing date Sep 19, 2025

    MLS# 21986062 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 Commercial Property on US-31

    This commercial property offers a combination of medical office and retail space in a highly visible location on U.S. 31, situated one block south of Smith Valley Road in Greenwood, Indiana. Greenwood is recognized as one of the fastest-growing areas within the Indianapolis metropolitan region. The property provides ample parking and signage opportunities. Its location is just blocks away from "The Madison," an $83 million development featuring a luxurious design with over 400 private residences, shopping, and restaurants, marking a first-of-its-kind project for downtown Greenwood. This development is central to Greenwood's ongoing efforts to enhance its downtown area. The property is zoned for commercial use and has a lot size of 1.53 acres. The building size is 12,293 square feet. Showings are available Monday through Friday after 6:15 pm, with open availability on weekends. This property presents a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -86.106901
    Latitude
    39.602116

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    FAQs

    What type of property is this?
    Medical office - Combination medical office and retail space in high-growth Greenwood, Indiana.
    Where is this medical office 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: - Highly visible location on U.S. 31, near Smith Valley Rd.; - Located in Greenwood, one of the fastest-growing Indy-Metro areas.; - Proximity to "The Madison", an $83 million mixed-use development with over 400 residences, shopping, and restaurants.
    (317) 844-5111
    Request Owner's contact information
    1000 Us Highway 31 S Greenwood, IN 46143
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    1000 Us Highway 31 S
    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
    1000 Us Highway 31 S Greenwood, IN 46143
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