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    3601 State Road 135 Greenwood, IN 46143

    • Office Properties & Spaces
    • 1,506 SF
    • 4.19 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-0713344
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3601 State Road 135

    Year built
    1930
    Lot size
    4.19 lot acres
    Property size
    1,506 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional commercial property presents a unique investment opportunity in Greenwood, Indiana. The offering encompasses three parcels totaling 4.19 acres of land, all zoned Commercial Medium (CM), providing significant development potential. The property boasts an impressive 499 feet of road frontage along State Road 135, ensuring high visibility and accessibility for any business. The existing office building comprises 1,506 square feet of usable space, ideal for a variety of commercial uses. The sale includes all three parcels

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.15843
    Latitude
    39.56462

    Comparable in this City

    • $2,500,000
      12,293 SF

      18

      700 plus sf design offers over 400 private residences
      1000 Us Highway 31, Greenwood, IN 46143
      View Details
    • $645,000
      0.89 Acres

      Greenwood Office Building - High Visibility

      Prime Greenwood location, tenant-occupied office.
      1764 Stones Crossing Rd, Greenwood, IN 46143
      View Details
    • $2,500,000
      12,293 SF

      Greenwood Medical Office Building

      Prime location, high-visibility medical & retail space
      1000 Us 31, Greenwood, IN 46143
      View Details
    • $1,050,000
      6,000 SF

      Warehouse/Office with Tax Abatement

      6,000 SF warehouse/office with HVAC and tax abatement.
      1257 Airport Pkwy, Greenwood, IN 46143
      View Details
    • $2,350,000
      12,293 SF

      Greenwood Commercial Property on US-31

      Combination medical office and retail space in high-growth Greenwood, Indiana.
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $750,000
      2.51 Acres

      Prime Greenwood Commercial Land

      2.51 Acres, C-2 Zoning, High Visibility
      1050 State Road 135, Greenwood, IN 46143
      View Details

    Similar Nearby for Sale

    • $2,500,000
      12,293 SF

      18

      700 plus sf design offers over 400 private residences
      1000 Us Highway 31, Greenwood, IN 46143
      View Details
    • $645,000
      0.89 Acres

      Greenwood Office Building - High Visibility

      Prime Greenwood location, tenant-occupied office.
      1764 Stones Crossing Rd, Greenwood, IN 46143
      View Details
    • $2,500,000
      12,293 SF

      Greenwood Medical Office Building

      Prime location, high-visibility medical & retail space
      1000 Us 31, Greenwood, IN 46143
      View Details
    • $1,050,000
      6,000 SF

      Warehouse/Office with Tax Abatement

      6,000 SF warehouse/office with HVAC and tax abatement.
      1257 Airport Pkwy, Greenwood, IN 46143
      View Details
    • $2,350,000
      12,293 SF

      Greenwood Commercial Property on US-31

      Combination medical office and retail space in high-growth Greenwood, Indiana.
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $750,000
      2.51 Acres

      Prime Greenwood Commercial Land

      2.51 Acres, C-2 Zoning, High Visibility
      1050 State Road 135, Greenwood, IN 46143
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr
      6,715 SF

      Greenwood Commercial Space Available

      Flexible spaces, 120-2260 sq ft.
      545 Christy Dr, Greenwood, IN 46143
      View Details
    • $14 SF/Yr
      1,721 SF

      Greenwood Office Space Available

      Historic Office, 1721 sq ft, Greenwood, IN
      435 Main St, Greenwood, IN 46143
      View Details
    • $1,428 /Mo
      18,624 SF

      Historic Office Building in Greenwood

      Iconic office building in the heart of Old Town Greenwood.
      435 E Main St, Greenwood, IN 46143
      View Details
    • New
      $3,821 /Mo
      16,206 SF

      Greenwood Office Space For Lease

      Functional office suite with utilities included in Greenwood, Indiana.
      2020 S State Road 135, Greenwood, IN 46143
      View Details
    • New
      $1,518 /Mo
      16,206 SF

      Greenwood Office Space Available

      Office space for rent in Greenwood, Indiana.
      2020 S State Road 135, Greenwood, IN 46143
      View Details
    • $28 SF/Yr
      28,800 SF

      Gateway Parke Medical Office Space

      New Greenwood medical office, divisible suites.
      905 Emerson Ave, Greenwood, IN 46143
      View Details
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    3601 State Road 135
    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
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