4648 W Smith Valley Road, Greenwood, IN 46142

Listing agent Keith Turnbill License #RB14035185 Show Phone

Listing office RE/MAX Advanced Realty d***@indyhomepros.com Airport Pkwy Ste 140 65, Indianapolis, IN Show Phone

Listing date May 29, 2026

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MLS# 22105440

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.

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Overview

This nearly 0.9-acre commercial land parcel is identified for potential neighborhood commercial development and is zoned SR. The site includes existing improvements that may be repurposed for continued use, or the property can be redeveloped for a new commercial project. Frontage along Smith Valley Road totals approximately 125 feet, supporting visibility to passing traffic.

Located at 4648 W Smith Valley Road in Greenwood, Indiana, the property sits in White River Township in Johnson County. Public remarks indicate the Johnson County Comprehensive Plan designates the property as Neighborhood Commercial, which is described as supporting professional office, medical, retail, restaurant, and service-oriented businesses. The listing further notes an estimated 14,000 vehicles per day passing the frontage.

For owner-users and developers, the combination of frontage and the Neighborhood Commercial planning designation provides flexibility in concept and tenant mix within the SR zoning framework. Existing improvements offer an option for continued use, while redevelopment may better align with a new commercial build tailored to neighborhood service needs.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Daycare Center Kitchen & Bath Showroom

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

Location Insight

• Map
• Local Demand

City

Greenwood

County

Johnson

State

Indiana

Longitude

-86.19035

Latitude

39.605785

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FAQs

What type of property is this?

Commercial land - Nearly 0.9-acre site with about 125 feet of road frontage, suited for a range of neighborhood commercial uses.

Where is this commercial land located?

The property is located at 4648 W Smith Valley Road 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 with Neighborhood Commercial designation (Johnson County Comprehensive Plan).; Approximately 125 ft of frontage along Smith Valley Road.; Cable available.