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    774 S Morgantown Rd Greenwood, IN 46143

    For Sale
    $799,000

    Business - Greenwood, IN

    Type:Business
    Property size:
    3,552 SF
    Lot size:
    2.01 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 9 at 2:06 am

    Property Features for 774 S Morgantown Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    R2
    APN
    410404011070000038
    Size
    3,552 SF
    Lot size
    2.01 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Architectural style
    Other

    Sugar Creek Real Estate LLC (317) 491-5334 [email protected]

    Listing agent Katina Whalen (317) 491-5334 License #RB14031898

    Listing date Jul 7, 2025

    MLS# 21999756 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

    Commercial Land in Growing Area

    This strategically located property in Greenwood, Indiana, offers a commercial development opportunity within a rapidly growing area. The site, zoned R2, provides flexibility for various commercial uses. It features an existing two-story building with 3,552 square feet, including multiple private rooms, spacious community areas, a full kitchen, and four bathrooms. Additionally, the property includes a 400-square-foot pole barn, all situated on a lot of over 2 acres. The location benefits from proximity to other businesses and the upcoming Shops at Center Grove. With excellent visibility and accessibility, the property is located minutes from the new I-69 interchange at Smith Valley Road. This location is suitable for businesses seeking to capitalize on the area's commercial environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Hair Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.1978754
    Latitude
    39.6039555

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    FAQs

    What type of property is this?
    Commercial land - Strategically located commercial land with existing building and development potential.
    Where is this commercial land located?
    The property is located at 774 S Morgantown Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Prime location for commercial development in a rapidly growing area.; - Zoned R2, offering flexibility for various commercial uses.; - Excellent visibility and accessibility, minutes from the new I-69 interchange.
    (317) 491-5334
    Request Owner's contact information
    774 S Morgantown Rd 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
    774 S Morgantown Rd Greenwood, IN 46143
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