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    State Road 135 Greenwood, IN 46142

    For Sale
    $999,000

    Prime 2.3-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.3-acre commercial land parcel is available for sale or ground lease at a compelling price of $999,000. Strategically located on State Road 135, north of Main Street in Greenwood, Indiana, this property boasts a highly desirable C2 zoning designation, opening up a wide range of development possibilities. The lot offers unparalleled accessibility with three convenient points of ingress and egress, ensuring seamless traffic flow and optimal visibility for any future business. Its prime location provides excellent exposure to high traffic volume on State Road 135, a major thoroughfare in Greenwood. The property's APN is 41-03-36-023-013.000-041 and is situated in a thriving area of Greenwood, Indiana, zip code 46142. This presents a rare opportunity for investors and developers seeking a highly visible and accessible location to build their next commercial venture. The expansive lot size provides ample space for a variety of commercial or retail developments, making it an attractive investment for those seeking significant return on investment. Don't miss this chance to acquire a premier commercial property in a rapidly growing area.

    Property Features for 0 State Road 135

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • 2.3‑acre commercial land parcel available for sale or ground lease for $999,000.
    • C2 zoned lot on State Road 135, north of Main Street, Greenwood, IN (46142).
    • Three points of ingress/egress for optimal accessibility and visibility.
    • High traffic count on State Road 135.
    • APN: 41‑03‑36‑023‑013.000‑041
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenwood
    County
    Indiana
    State
    Indiana
    Longitude
    -86.1584679
    Latitude
    39.6147014

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    FAQs

    What type of property is this?
    Land - Prime 2.3-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at State Road 135 Greenwood, IN.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: 2.3-acre commercial land parcel available for sale or ground lease for $999,000.; C2 zoned lot on State Road 135, north of Main Street, Greenwood, IN (46142).; Three points of ingress/egress for optimal accessibility and visibility.
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    Greenwood, IN 46142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    State Road 135 Greenwood, IN 46142
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