1690 Main St Greenwood, IN 46143
This exceptional 15.54-acre commercial land parcel presents a unique investment opportunity in Greenwood, Indiana. Strategically located at the high-traffic intersection of I-65 and Main Street, this property boasts a C-2 zoning designation, allowing for diverse commercial development. The site features 676,922 square feet of undeveloped land, ready for immediate construction. Existing infrastructure includes essential utilities (electricity, gas, sewer, irrigation), well-established streets, curbs, and sidewalks. A 2022 traffic count of 27,360 vehicles daily on E Main St & Sheek Rd W ensures high visibility and accessibility. This prime location offers significant potential for retail complexes, office buildings, or other commercial ventures, capitalizing on Greenwood's economic growth. The property's development-ready status, coupled with its strategic location and flexible zoning, makes it an attractive investment for developers seeking a high-return opportunity in a thriving market. The asking price is $3,500,000. The property is located in Johnson County, Indiana, with a zip code of 46143.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.