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Commercial Land with Major Road Frontage
For Sale
$500,000
Pending

2197 S State Road 135 Greenwood, Greenwood, IN 46143

Two commercial lots offer 99 feet of road frontage for an office, multifamily, or mixed-use development.

Property SizeContact for details
Days on Market53

Property Features for 2197 S State Road 135 Greenwood

General Information

Standard status Pending
Property subtype Land
Zoning R1

Site & Location

Highway Access Yes
Road Access Yes

Amenities

Curbs,Street Lights
Public
0.85
2
No
Asphalt
County Road
Listing Agency: Epique Inc
Listed By: Susan Neal
Source: Movewithfirstintegrity
Added: Jun 30 Changed: Aug 14 Last Checked: Aug 14 at 7:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Inc

Investment Insights

Based on property information with market context.

This offering includes two lots at 2197 S State Road 135, Greenwood, Indiana, totaling 99 feet of frontage along the roadway. The property is presented as vacant land suitable for development, with the option to pursue project planning as a combined assemblage with adjoining properties, where available.

The site is positioned in a thriving commercial corridor with nearby retailers and service businesses referenced in the area, including Kroger, Starbucks, Walgreens, and Greenwood Park Mall. The location is described as providing easy access to major highways and a short drive to downtown Indianapolis.

For buyers and developers, the frontage and two-lot configuration make the land practical for a range of commercial and residential concepts, including an office building or an apartment complex, subject to applicable approvals. Prospective tenants, investors, and brokers will want to confirm site-specific requirements and development constraints through the local permitting process before finalizing plans.

Key Highlights

  • Two commercial lots totaling 0.85 acres with 99 ft of frontage along a county road (State Road 135).
  • Public water available; curbs and street lights on the lots.
  • Road surface is asphalt with county road frontage for easy access.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Daycare Center Veterinary Clinic Florist Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

714
Businesses Nearby

Demographics for 46143, IN

62,618
Population
23,417
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$89,401
Median Household Income
$51,213
Median Earnings
$1,427
Median Rent
$295,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Two commercial lots offer 99 feet of road frontage for an office, multifamily, or mixed-use development.
Where is this commercial land located?
The property is located at 2197 S State Road 135 Greenwood Greenwood, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two commercial lots totaling 0.85 acres with 99 ft of frontage along a county road (State Road 135).; Public water available; curbs and street lights on the lots.; Road surface is asphalt with county road frontage for easy access.
More about this property
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