440 Us 31 Greenwood, IN 46142
- Office Properties & Spaces
- 4,102 SF
- 4.13 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 440 Us 31
- Lot size
- 4.13 lot acres
- Property size
- 4,102 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional Greenwood, IN commercial property offers 4,102 square feet of Class B creative office space, situated on a 4.13-acre lot with convenient access to US Highway 31 (approx. 32,000 daily traffic count). The property boasts a prime location near Greenwood Park Mall, Greenwood High School, and Old Town Greenwood, with easy access to I-65, I-465, and I-69. Currently vacant, the property includes a 4,000+ square foot residence and workshop/garage, offering versatile options for redevelopment. Zoned commercial, it features entrances on both US 31 and Browning Drive, connecting to Smith Valley Road. Previous uses include a stone yard and office. The property's adjacency to the proposed Greenwood Trails project and its high visibility make it ideal for various uses, including luxury apartments (a potential highest and best use), a business owner's residence with attached business, assisted living, or a rehabilitation center. The asking price is $950,000 ($231.59/sq ft). This rare opportunity presents significant potential for investors and developers seeking a high-impact location in a thriving community. The property is zoned for commercial use.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.1132
- Latitude
- 39.6097
