Neighborhood Commercial Development
For Sale
$569,000
4648 W Smith Valley Rd, Greenwood, IN 46142
Commercial land with 125 feet of frontage on Smith Valley Road for owner-users and developers targeting neighborhood services.
Property Size1,890 SF
Lot Size0.89 Acres
Price / SF$301.06
Days on Market100
Property Features for 4648 W Smith Valley Rd
General Information
Standard status
Active
Size
1,890 SF
Lot size
0.89 Acres
Zoning
Neighborhood Commercial
Additional Details
Traffic Count
14,000 vehicles/day
Listing Agency:
RE/MAX Advanced Realty
Listed By:
Keith Turnbill · License #RB14035185
(317) 298-0961
Source:
Eveloteam
Added: Jun 3
Changed: Sep 8
Last Checked: Sep 9 at 8:41PM
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 RE/MAX Advanced Realty
Investment Insights
Based on property information with market context.
This 0.89-acre commercial land parcel is designated Neighborhood Commercial in the latest Johnson County Comprehensive Plan. The site includes existing improvements that may be repurposed for continued use, or it can be redeveloped for a new commercial project, subject to applicable approvals.
Located in White River Township in the Center Grove area of Greenwood, Indiana, the property offers approximately 125 feet of frontage along Smith Valley Road. The frontage provides exposure to an estimated 14,000 vehicles per day, supporting visibility for a range of neighborhood-oriented business concepts.
The Neighborhood Commercial designation is intended to support a broad set of service uses, including professional office, medical, retail, restaurant, and other service-oriented businesses. This makes the site a practical fit for developers seeking a small, frontage-driven commercial location, and for owner-users who want a flexible property that can potentially be adapted for their specific operation.
Located in White River Township in the Center Grove area of Greenwood, Indiana, the property offers approximately 125 feet of frontage along Smith Valley Road. The frontage provides exposure to an estimated 14,000 vehicles per day, supporting visibility for a range of neighborhood-oriented business concepts.
The Neighborhood Commercial designation is intended to support a broad set of service uses, including professional office, medical, retail, restaurant, and other service-oriented businesses. This makes the site a practical fit for developers seeking a small, frontage-driven commercial location, and for owner-users who want a flexible property that can potentially be adapted for their specific operation.
Key Highlights
- 0.89‑acre commercial site in White River Township, designated Neighborhood Commercial in the latest Johnson County Comprehensive Plan
- Approximately 125 feet of frontage along Smith Valley Road with an estimated 14,000 vehicles per day
- Plan designation supports a range of uses including professional office, medical, retail, restaurant, and service‑oriented businesses
Property Analytics
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Current Use
Lease Details
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
120
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with 125 feet of frontage on Smith Valley Road for owner-users and developers targeting neighborhood services.
Where is this commercial land located?
The property is located at 4648 W Smith Valley Rd Greenwood, IN.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 0.89‑acre commercial site in White River Township, designated Neighborhood Commercial in the latest Johnson County Comprehensive Plan; Approximately 125 feet of frontage along Smith Valley Road with an estimated 14,000 vehicles per day; Plan designation supports a range of uses including professional office, medical, retail, restaurant, and service‑oriented businesses
