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Retail Space with Existing Buildout
New
For Lease
$24 SF/Yr

3147 W Smith Valley Rd, Greenwood, IN 46142

Available commercial suite with improvements suited to retail, medical, and professional service operations.

Space Size5,009 SF
Property Size13,250 SF
Days on Market5

Property Features for 3147 W Smith Valley Rd

General Information

Standard status Active
Size 5,009 SF
Net Rentable 5,009 SF
Property subtype Retail
Lease Type NNN
Lease Term NNN

Space & Availability

Available Space 5,009 SF
Contiguous Space 5,009 SF
Available From Immediate

Lease Terms

Lease Rate $24 /USD/SF/YR
Monthly Rent $10,018
Rent per SF/Year $24

Building Details

Building Size 13,250 SF
Year Built 2005

Spaces For Lease

at 3147 W Smith Valley Rd Contact us

Village Commons III $24/SF/Yr

Size
5,009 SF
Type
Neighborhood Center
Term
Negotiable
Contact us
Listing Agency: Lee & Associates | Indianapolis
Listed By: Scot Courtney · License #RB14046445
Source: Lee-associates
Added: Aug 24 Changed: Aug 27 Last Checked: Aug 27 at 9:45PM

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 Lee & Associates | Indianapolis

Investment Insights

Based on property information with market context.

This 5,009-square-foot retail suite includes an existing buildout, allowing a tenant to use the current improvements or modify the space for its operations. The property supports retail, medical, professional service, and other commercial uses as stated in the listing information.

The suite is immediately available at 3147 W. Smith Valley Road in Greenwood, Indiana. Village Commons III was built in 2005.

Key Highlights

  • 5,009 square feet of available retail space
  • Existing buildout can be used or adapted
  • Suitable for retail, medical, and professional service uses

Property Analytics

Current Use

Hot Box Pizza Restaurant HealthMarkets Insurance - Troy ... Insurance Agency Security Title Services Title Company St. Francis Imaging ... Medical Clinic Benham Advisory Group Financial Advisor

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Electrical Service Grocery & Convenience Store

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

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

870
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Available commercial suite with improvements suited to retail, medical, and professional service operations.
Where is this retail space located?
The property is located at 3147 W Smith Valley Rd Greenwood, IN.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 5,009 square feet of available retail space; Existing buildout can be used or adapted; Suitable for retail, medical, and professional service uses
More about this property
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