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Commercial Land With Existing Improvements
For Sale
$799,000

774 S Morgantown Road, Greenwood, IN 46143

Commercial Sale, Greenwood, IN

Property Size3,552 SF
Lot Size2.01 Acres
Price / SF$224.94
Days on Market735

Property Features for 774 S Morgantown Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning R2
High school Center Grove High School
Elementary school district Center Grove Community School Corp
Middle school district Center Grove Community School Corp
High school district Center Grove Community School Corp
Directions GPS Friendly
Subdivision 4101 - Johnson - White River
Standard status Active
APN 410404011070000038
Lot size 2.01 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description E Ne S4 T13 R3
Legal Description E Ne S4 T13 R3

Utilities

Cooling system Central Air

Building Details

Year built 1980
Floors in Building 2
Listing Agency: Sugar Creek Real Estate, LLC
Listed By: Katina Whalen · License #RB14031898
Added: Sep 8, 2024 Changed: Aug 28 Last Checked: Sep 12 at 4:06AM
MLS# 21999756

Copyright © 2026 Broker Listing Cooperative®. 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 2.01-acre commercial land property includes a two-story building totaling 3,552 square feet, constructed in 1980. The structure contains multiple private rooms, shared gathering areas, a full kitchen, four bathrooms, and central air. A separate 400-square-foot pole barn adds additional on-site improvement space.

The property is located at 774 S Morgantown Road in Greenwood, Indiana, near other businesses and the Shops at Center Grove. The site is described as minutes from the new I-69 interchange at Smith Valley Road. Zoning is R2.

Key Highlights

  • 2.01‑acre parcel at 774 S Morgantown Road, Greenwood, IN 46143
  • R2 zoning
  • Two‑story, 3,552‑square‑foot building constructed in 1980

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Auto Repair Shop Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

123
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - R2-zoned property with an existing building, pole barn, and multiple interior spaces.
Where is this commercial land located?
The property is located at 774 S Morgantown Road Greenwood, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2.01‑acre parcel at 774 S Morgantown Road, Greenwood, IN 46143; R2 zoning; Two‑story, 3,552‑square‑foot building constructed in 1980
More about this property
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