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Property profile & analytics
OFF-MARKET
Land

0 State Road 135 Greenwood, IN 46143

0.87 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land opportunity, located in Greenwood, Indiana, offers .87 to 7.2 acres of buildable land zoned CM. Situated in Johnson County's rapidly expanding Center Grove School District, this property benefits from its prime location within the State Road 135 trade area. The planned widening of Stones Crossing Road will further enhance accessibility, placing the site at the heart of a new east-west corridor connecting major highways including I-65, US-31, State Road 135, and the recently completed I-69. The area boasts significant recent development, including a large Franciscan Health medical complex, a 292-unit apartment complex (The Flats at Stones Crossing), and a nearing-completion 120-unit 55+ community (Grove Crossing). The current owner is prepared to accommodate various development scenarios, including build-to-suit projects, subdivision, outright sale, or ground leases to meet specific buyer needs. APN: 41-04-12-033-024.000-041. This presents a unique chance to capitalize on the explosive growth in this highly desirable location.

Property profile
Verified
Property type Land
Lot 0.87 ac (37,897 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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