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    1050 State Road 135 Greenwood, IN 46143

    Sponsored
    For Sale
    $750,000

    2.51 Acres, C-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.51-acre commercial lot in Greenwood, Indiana, presents a remarkable investment opportunity. Located at 1050 S State Rd 135, this property boasts high visibility due to its prime location on State Road 135 and Olive Branch Road. The lot features a gentle knoll at the street, perfect for a building with a walkout basement, maximizing both functionality and aesthetics. The expansive acreage offers ample space for parking, accommodating a substantial number of vehicles. A significant portion of the land is also suitable for landscaping, creating a welcoming outdoor area with potential for picnic tables or benches amidst existing trees. All utilities are conveniently located on-site, simplifying development and reducing infrastructure costs. Adding to its appeal, the owner is open to a build-to-suit arrangement, offering a flexible solution for potential buyers interested in a custom-designed structure. This property is zoned C-2, providing a wide range of development possibilities. The asking price is $750,000. This is an exceptional opportunity to acquire a highly visible and versatile commercial lot in a thriving Indiana community. Olive Branch Partners, LLC is the current owner.

    Property Features for 1050 State Road 135

    General Information

    Property type
    Land
    Lot Size
    109,336 SF

    HighLights

    • $750,000 asking price.
    • 2.51‑acre commercial land parcel.
    • C‑2 zoning.
    • Located at 1050 S State Rd 135, Greenwood, IN 46143.
    • Excellent visibility from State Road 135 and Olive Branch Road.
    • Owner will consider build‑to‑suit options.
    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
    -86.159437095099
    Latitude
    39.595418600446

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    FAQs

    What type of property is this?
    Land - 2.51 Acres, C-2 Zoning, High Visibility
    Where is this land located?
    The property is located at 1050 State Road 135 Greenwood, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price.; 2.51-acre commercial land parcel.; C-2 zoning.
    Request Owner's contact information
    1050 State Road 135 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
    1050 State Road 135 Greenwood, IN 46143
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