440 Us 31 Greenwood, IN 46142
- Commercial real estate
- 4,102 SF
- 4.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 440 Us 31
- Year built
- 1948
- Lot size
- 4.13 lot acres
- Property size
- 4,102 SF
- Property type
- Commercial real estate
Description
This exceptional 4.13-acre commercial property at 440 S US 31 in Greenwood, Indiana, presents a rare investment opportunity. Boasting over 4,100 square feet of existing building space, including a 4,000+ square foot residence and workshop/garage, this property offers significant flexibility. The site benefits from high visibility and accessibility, with a curb cut directly onto US Highway 31, experiencing approximately 32,000 vehicles daily. Dual entrances on US 31 and Browning Drive, connecting to Smith Valley Road, provide convenient access. The property is zoned commercial and has historically served as a stone yard and office. Its prime location offers numerous development possibilities. Considered highest and best use may be luxury apartments overlooking a creek on both sides of the property. Alternative uses could include a business owner's residence with an attached business, an assisted living facility, or a rehabilitation center. The property's strategic location near the proposed Greenwood Trails project, Greenwood Park Mall, Greenwood High School, and Old Town Greenwood, coupled with easy access to I-65, I-465, and I-69, makes it an exceptionally desirable location. Priced at $950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Johnson
- State
- Indiana
- Longitude
- -86.1137
- Latitude
- 39.6102
