Retail Space with Flexible Multi-Level
For Lease
$1,500/Mo
191 US 31 S, Greenwood, IN 46142
COMMERCIAL - Greenwood, IN
Space Size6,700 SF
Lot Size0.53 Acres
Days on Market48
Property Features for 191 US 31 S
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
C3
Elementary school district
Greenwood Community Sch Corp
Middle school district
Greenwood Community Sch Corp
High school district
Greenwood Community Sch Corp
Directions
GPS Friendly
Subdivision
4102 - Johnson - Pleasant
Standard status
Active
APN
410232024112000026
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Shryock's Add Lot 6 & Nw S32 T14 R4
Legal Description
Shryock's Add Lot 6 & Nw S32 T14 R4
Utilities
Utilities
Cable Available
Amenities
signalized intersection
highly visible
excellent frontage
strong traffic exposure
ample on-site parking
convenient access to Interstate 65
Listing Agency:
Keller Williams Indy Metro S · Keller Williams Realty
(317) 882-5900
Listed By:
Morgan Mathauer · License #RB23000355
(317) 882-5900
Added: Jun 18
Changed: Aug 1
Last Checked: Aug 4 at 7:06AM
MLS# 22108981
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This retail space offers approximately 6,700 square feet with flexible first-floor and lower-level space that can accommodate office, medical, retail, wellness, and service-oriented users. The property is set up to support business use with cable availability and immediate occupancy available.
Located at the signalized intersection of US 31 and Main Street in Greenwood, the site provides strong traffic exposure and excellent frontage. Ample on-site parking is available, and convenient access to Interstate 65 supports easy customer and employee travel.
The property sits within an established mix of retail, dining, professional services, and residential growth, offering practical accessibility for day-to-day operations. Potential land lease opportunities may also be considered.
Located at the signalized intersection of US 31 and Main Street in Greenwood, the site provides strong traffic exposure and excellent frontage. Ample on-site parking is available, and convenient access to Interstate 65 supports easy customer and employee travel.
The property sits within an established mix of retail, dining, professional services, and residential growth, offering practical accessibility for day-to-day operations. Potential land lease opportunities may also be considered.
Key Highlights
- Approximately 6,700 square feet of flexible first‑floor and lower‑level space
- 0.53‑acre site with strong frontage and traffic exposure
- Signalized intersection of US 31 and Main Street in Greenwood
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$0.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 46142, IN
32,052
Population
14,396
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
2,151
Density / Sq Mi
$85,611
Median Household Income
$47,831
Median Earnings
$1,122
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - C3-zoned 0.53-acre site with flexible first- and lower-level space at a signalized US 31 and Main Street intersection.
Where is this retail space located?
The property is located at 191 US 31 S Greenwood, IN.
What is the lease rate?
The lease rate is $1,500 /Mo.
What are key features of this property?
This property features: Approximately 6,700 square feet of flexible first‑floor and lower‑level space; 0.53‑acre site with strong frontage and traffic exposure; Signalized intersection of US 31 and Main Street in Greenwood
