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    3124 Smith Valley Rd Greenwood, IN 46142

    For Sale
    $998,500

    High-traffic retail/mixed-use lots

    Property size:
    98,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses three strategically located parcels totaling approximately 27 acres in Greenwood and Indianapolis, Indiana. The properties offer a unique blend of high visibility and accessibility, situated near major retailers like Menards and Kroger, with easy access to I-69 and I-65 interchanges. One parcel, at 3124 W Smith Valley Rd, boasts 2 acres ideal for retail or office use, benefiting from high daily traffic counts (53,000 vehicles) and proximity to a newly constructed car wash and planned road improvements. Smith Valley Road is slated for widening within the next two years, further enhancing visibility and accessibility. This location is within the Center Grove school district, serving a population of 165,000 within a five-mile radius, with a median income of $88,500. Another parcel, located at 1684 Meridian Oaks Dr, spans 1.97 acres and is engineered for a 7,500 sq ft building, suitable for automotive businesses, offices, or restaurants. Finally, a larger 27+ acre wooded site at 7931 W 88th St in Indianapolis, near Eagle Creek, presents significant potential for residential and multi-family development. All properties offer excellent visibility and are priced at $998,500 for the combined offering. Utilities are readily available near all sites. Existing tenant rights apply to some parcels

    Property Features for 3124 Smith Valley Rd

    General Information

    Property type
    Retail properties
    Square Feet
    98,120 SF
    Class
    B
    Lot Size
    85,813 SF

    HighLights

    • 2‑acre parcel at 3124 W Smith Valley Rd, Greenwood, IN, suitable for retail or office; high visibility, adjacent to Menards, near I‑69/I‑65 interchanges; 53,000 VPD; Center Grove School District.
    • 1.97‑acre parcel at 1684 Meridian Oaks Dr, engineered for a 7,500 SF building, ideal for automotive, office, or restaurant use.
    • 27+ acre wooded site at 7931 W 88th St, Indianapolis, IN, near Eagle Creek; suitable for residential and multi‑family development; Traders Point area.
    Property Profile Insight Report 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
    -86.16041488
    Latitude
    39.6064874

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail/mixed-use lots
    Where is this retail property located?
    The property is located at 3124 Smith Valley Rd Greenwood, IN.
    What is the asking price?
    The asking price for this property is $998,500.
    What are key features of this property?
    This property features: 2-acre parcel at 3124 W Smith Valley Rd, Greenwood, IN, suitable for retail or office; high visibility, adjacent to Menards, near I-69/I-65 interchanges; 53,000 VPD; Center Grove School District.; 1.97-acre parcel at 1684 Meridian Oaks Dr, engineered for a 7,500 SF building, ideal for automotive, office, or restaurant use.; 27+ acre wooded site at 7931 W 88th St, Indianapolis, IN, near Eagle Creek; suitable for residential and multi-family development; Traders Point area.
    Request Owner's contact information
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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
    3124 Smith Valley Rd Greenwood, IN 46142
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