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Property profile & analytics
OFF-MARKET
Land

601 Emerson Ave Greenwood, IN 46143

4.06 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 4.06 ac (176,636 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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