0 State Road 135 Greenwood, IN 46143
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.