0 Worthsville Rd. & Sheek Rd Greenwood, IN 46143
This exceptional 1.49-acre commercial land parcel presents a unique investment opportunity in Greenwood, Indiana. Located at the intersection of Worthsville Road and Sheek Road, this property boasts unparalleled visibility and accessibility. Its I-2 zoning allows for a variety of commercial uses, making it ideal for businesses seeking high traffic exposure. The site is strategically positioned at a gateway roundabout, providing excellent access to Interstate 465, a major thoroughfare. The property benefits from its location directly across the street from an elementary and middle school, offering potential for businesses catering to families and the surrounding community. The lot is divisible to suit, subject to approval and line adjustments, offering flexibility for potential buyers. This is the only true four-lane corridor road west, extending from the I-65 interchange to US 31, ensuring consistent high traffic volume. With its prime location, excellent visibility on Worthsville Road, and convenient access to major roadways, this property is poised for significant growth and return on investment. Note that gas restrictions are in place.
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
Similar Nearby for Sale
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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.