Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1566 Smith Valley Rd Greenwood, IN 46142

    For Sale
    $572,900

    High-traffic location, office/retail & warehouse.

    Property size:
    3,457 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional mixed-use property, situated at 1566 W Smith Valley Road in Greenwood, Indiana, presents a unique investment opportunity. The main building offers 3,457 square feet of versatile office and retail space, ideally suited for a variety of businesses. Inside, you'll find multiple offices, auxiliary spaces, a kitchen, and two bathrooms, providing ample room for operations and staff. Adjacent to the main building is a substantial 2,035 square-foot warehouse, featuring two front overhead doors and one side overhead door, enhancing logistical capabilities. The warehouse also includes its own bathroom and a separate electric meter. The entire property sits on a full acre of land, boasting excellent visibility with over 15,000 cars passing daily. Ample parking is available, a significant advantage for both employees and customers. Zoned CS, this property offers flexibility for a wide range of commercial uses, making it an attractive prospect for entrepreneurs and investors alike. The combination of office, retail, and warehouse space, coupled with its prime location and high traffic count, makes this a truly remarkable opportunity. Don't miss out on this chance to own a thriving commercial property in a rapidly growing area.

    Property Features for 1566 Smith Valley Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,457 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1956
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use 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
    -86.15311
    Latitude
    39.60636

    Nearby Similar for Sale

    • $2,300,000
      Pending

      Unique Greenwood Event Venue Opportunity

      Mid-Century Modern conference center on nearly 7 wooded acres.
      944 Fry Rd, Greenwood, IN 46142
      View Details
    • $2,350,000
      12,293 SF

      Greenwood Commercial Property on US-31

      Combination medical office and retail space in high-growth Greenwood, Indiana.
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • New
      $269,900
      Pending

      Greenwood Duplex Investment Opportunity

      Updated duplex in Greenwood, Indiana, ideal for investment or owner-occupancy.
      610 Wood Dale Ter, Greenwood, IN 46142
      View Details
    • $1,575,000
      5,000 SF

      Greenwood Retail Opportunity

      Retail property for sale in Greenwood, Indiana.
      1000 N State Road 135, Greenwood, IN 46142
      View Details
    • $825,000
      5,453 SF

      Greenwood Office Building For Sale

      5,453 SF office building with multi-tenant potential in Greenwood.
      918 Fry Rd, Greenwood, IN 46142
      View Details
    • $350,000
      2,429 SF

      Greenwood Mixed-Use Redevelopment Opportunity

      Mixed-use property in Greenwood's revitalizing Old Town corridor.
      100 E Main St, Greenwood, IN 46143
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, office/retail & warehouse.
    Where is this mixed-use property located?
    The property is located at 1566 Smith Valley Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $572,900.
    (317) 420-4000
    Request Owner's contact information
    1566 Smith Valley Rd Greenwood, IN 46142
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1566 Smith Valley Rd
    Greenwood, IN 46142
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1566 Smith Valley Rd Greenwood, IN 46142
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.