Property profile

774 S Morgantown Rd Greenwood, IN 46142

FOR SALE
Commercial real estate
Property ID
US31-0334107
3,552 SF 2.01 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional Greenwood, Indiana commercial property presents a compelling investment opportunity. Situated on a generous 2.01-acre lot at 774 S Morgantown Road, this property boasts a strategically advantageous location within a rapidly expanding commercial district. The existing structure, a two-story building encompassing 3,552 square feet, offers a versatile layout. Inside, you'll find multiple private rooms, expansive communal spaces, a fully equipped kitchen, and four bathrooms, providing ample functionality for a variety of commercial uses. Adding to the property's utility is a 400-square-foot pole barn, ideal for storage or additional workspace. Currently zoned R2, this property offers flexibility for diverse commercial ventures, capitalizing on the area's growth trajectory. The property benefits from excellent visibility and accessibility, enjoying close proximity to the highly anticipated Shops at Center Grove and only minutes away from the new I-69 interchange at Smith Valley Road. This prime location ensures high traffic volume and easy access for customers and employees alike. This is an exceptional opportunity for businesses seeking a prominent presence in a thriving commercial hub. The combination of size, location, and zoning makes this property a truly unique investment prospect.

Property profile

Verified
Property type Commercial real estate
Year built 1980
Total area 3,552 SF
Lot 2.01 ac (87,556 SF)
UPID US31-0334107

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

774 S Morgantown Rd Greenwood, IN 46142
Greenwood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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