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    601 Emerson Ave Greenwood, IN 46143

    For Sale
    $799,000

    Prime Greenwood location, high-traffic area, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.055-acre commercial land parcel presents a unique investment opportunity in Greenwood, Indiana. Located at 601 N Emerson Ave, this fee-simple property boasts convenient access to Emerson Avenue, placing it just south of County Line Road and I-65, ensuring high visibility and accessibility. The property is zoned IL (Industrial Large), yet its strategic location is surrounded by IC (Interstate Commercial) zoning, offering flexibility for a variety of commercial developments. This thriving area is experiencing significant growth, evidenced by the presence of major retailers such as Costco, Kroger Marketplace, Sam's Club, and Walmart, along with numerous restaurants, banks, and hotels. Furthermore, over 400 new apartment units are situated in the immediate vicinity, creating a robust and expanding consumer base. The high traffic count on this commercial corridor makes it perfect for professional offices, medical or dental practices, and other businesses seeking high visibility. Its proximity to the Greenwood Springs Business Park further enhances its desirability. It's important to note that a portion of the property (approximately 1.455 acres) is encumbered by a legal drain easement

    Property Features for 601 Emerson Ave

    General Information

    Property type
    Land
    Lot Size
    176,636 SF

    HighLights

    • 4.055‑acre commercial land parcel in Greenwood, Indiana, at 601 N Emerson Ave.
    • Fee‑simple ownership with high visibility and accessibility near I‑65 and County Line Road.
    • Zoned IL (Industrial Large), near IC (Interstate Commercial) zoning, offering development flexibility.
    • High‑traffic location near major retailers (Costco, Kroger, Sam's Club, Walmart) and over 400 new apartment units.
    • A portion (1.455 acres) has a legal drain easement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.08239732569
    Latitude
    39.628758288979

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    FAQs

    What type of property is this?
    Land - Prime Greenwood location, high-traffic area, ideal for development.
    Where is this land located?
    The property is located at 601 Emerson Ave 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: 4.055-acre commercial land parcel in Greenwood, Indiana, at 601 N Emerson Ave.; Fee-simple ownership with high visibility and accessibility near I-65 and County Line Road.; Zoned IL (Industrial Large), near IC (Interstate Commercial) zoning, offering development flexibility.
    (317) 597-1715
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    601 Emerson Ave 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
    601 Emerson Ave Greenwood, IN 46143
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