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    Worthsville Rd. & Sheek Rd Greenwood, IN 46143

    For Sale
    Contact for pricing

    1.49 Acres, I-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.49-acre commercial land parcel presents a unique investment opportunity in Greenwood, Indiana. Located at the intersection of Worthsville Road and Sheek Road, this property boasts unparalleled visibility and accessibility. Its I-2 zoning allows for a variety of commercial uses, making it ideal for businesses seeking high traffic exposure. The site is strategically positioned at a gateway roundabout, providing excellent access to Interstate 465, a major thoroughfare. The property benefits from its location directly across the street from an elementary and middle school, offering potential for businesses catering to families and the surrounding community. The lot is divisible to suit, subject to approval and line adjustments, offering flexibility for potential buyers. This is the only true four-lane corridor road west, extending from the I-65 interchange to US 31, ensuring consistent high traffic volume. With its prime location, excellent visibility on Worthsville Road, and convenient access to major roadways, this property is poised for significant growth and return on investment. Note that gas restrictions are in place.

    Property Features for 0 Worthsville Rd. & Sheek Rd

    General Information

    Property type
    Land
    Lot Size
    64,904 SF

    HighLights

    • Gas restricted.
    • 1.5‑acre site.
    • Excellent I‑465 access.
    • Prominent gateway roundabout location.
    • Directly across from elementary and middle schools.
    • Divisible to suit (subject to approval).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.0783214
    Latitude
    39.5969898

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    FAQs

    What type of property is this?
    Land - 1.49 Acres, I-2 Zoning, High Visibility
    Where is this land located?
    The property is located at Worthsville Rd. & Sheek Rd Greenwood, IN.
    What are key features of this property?
    This property features: Gas restricted.; 1.5-acre site.; Excellent I-465 access.
    Request Owner's contact information
    Worthsville Rd. & Sheek Rd 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
    Worthsville Rd. & Sheek Rd Greenwood, IN 46143
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