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    1000 Us 31 Greenwood, IN 46143

    For Sale
    $2,500,000

    Prime location, high-visibility medical & retail space

    Property size:
    12,293 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located at 1000 US 31 S in Greenwood, Indiana (46143), presents a compelling owner/user investment opportunity. The 12,293 square foot building, constructed in 2016, boasts a blend of medical office and retail space, perfectly suited for a variety of uses. Situated on a 1.53-acre lot (APN: 41-05-05-013-007.000-026), the property benefits from ample parking and excellent signage opportunities. Its C-1 zoning ensures flexibility for future development. The asking price is $2,500,000, translating to $203.37 per square foot. This prime location is just one block south of Smith Valley Rd, in one of the fastest-growing areas of the Indy-Metro region, and is blocks from the new $83 million "The Madison" development, featuring over 400 residences, shopping, and restaurants. This investment is ideally positioned within Greenwood's revitalized downtown area, offering significant long-term potential. The property's high visibility and proximity to this major development project make it an attractive investment for both owner-occupiers and investors seeking strong returns.

    Property Features for 1000 Us 31

    General Information

    Property type
    Medical offices
    Square Feet
    12,293 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    2016

    HighLights

    • $2,500,000 asking price for a 12,293 SF mixed‑use building.
    • Medical office and retail space in Greenwood, IN.
    • Owner/user investment opportunity.
    • Located on US 31 S, one block south of Smith Valley Rd, in a high‑visibility location.
    • 1.53‑acre lot with ample parking and signage.
    • Built in 2016, with C‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.106835427697
    Latitude
    39.601952508696

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    FAQs

    What type of property is this?
    Medical office - Prime location, high-visibility medical & retail space
    Where is this medical office located?
    The property is located at 1000 Us 31 Greenwood, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 12,293 SF mixed-use building.; Medical office and retail space in Greenwood, IN.; Owner/user investment opportunity.
    Request Owner's contact information
    1000 Us 31 Greenwood, IN 46143
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    Greenwood, IN 46143
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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
    1000 Us 31 Greenwood, IN 46143
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