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    Property profile & analytics

    State Road 135 Greenwood, IN 46142

    • Land
    • 2.30 lot acres
    For Sale
    View listing
    $999,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State Road 135

    Lot size
    2.30 lot acres
    Property type
    Land

    Description

    This exceptional 2.3-acre commercial land parcel is available for sale or ground lease at a compelling price of $999,000. Strategically located on State Road 135, north of Main Street in Greenwood, Indiana, this property boasts a highly desirable C2 zoning designation, opening up a wide range of development possibilities. The lot offers unparalleled accessibility with three convenient points of ingress and egress, ensuring seamless traffic flow and optimal visibility for any future business. Its prime location provides excellent exposure to high traffic volume on State Road 135, a major thoroughfare in Greenwood. The property's APN is 41-03-36-023-013.000-041 and is situated in a thriving area of Greenwood, Indiana, zip code 46142. This presents a rare opportunity for investors and developers seeking a highly visible and accessible location to build their next commercial venture. The expansive lot size provides ample space for a variety of commercial or retail developments, making it an attractive investment for those seeking significant return on investment. Don't miss this chance to acquire a premier commercial property in a rapidly growing area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Indiana
    State
    Indiana
    Longitude
    -86.1585
    Latitude
    39.6147

    Comparable in this City

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      5.68 Acres

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      2.00 Acres

      3124 Smith Valley Rd

      Land • 2.00 Acres
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      0.62 Acres

      640 State Road 135

      Land • 0.62 Acres
      640 State Road 135, Greenwood, IN 46142
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    • Value Estimation by Request
      2.70 Acres

      3110 Smith Valley Rd

      Land • 2.70 Acres
      3110 Smith Valley Rd, Greenwood, IN 46142
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    • Value Estimation by Request
      1.97 Acres

      Meridian Oaks Dr

      Land • 1.97 Acres
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    • Value Estimation by Request
      5.27 Acres

      Fairview Rd & Western Blvd

      Land • 5.27 Acres
      0 Fairview Rd & Western Blvd, Greenwood, IN 46142
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Land Available in Greenwood, Indiana

      Land for lease in Greenwood with high traffic and income.
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      Greenwood Office Space For Lease

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      6,787 SF

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      Greenwood Retail Spaces Available

      Retail and restaurant spaces available in Greenwood, Indiana.
      1100 N State Road 135, Greenwood, IN 46142
      View Details
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    State Road 135
    Greenwood, IN 46142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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