795 Emerson Ave Greenwood, IN 46143
For Sale
This exceptional ±7-acre commercial land parcel, located at 795 N. Emerson Avenue in Greenwood, Indiana (zip code 46143), presents a unique redevelopment opportunity. Zoned I-1, this property boasts a premium location within a rapidly expanding area of Greenwood, experiencing significant commercial and retail growth. The site benefits from excellent visibility and accessibility, situated at a lighted intersection on Emerson Avenue, offering high traffic counts. Major retailers such as Costco, Kroger Marketplace, Walmart, and Sam's Club are in close proximity, underscoring the strong retail demand in the area. Easy access to I-65, County Line Road, and Emerson Avenue further enhances the property's strategic location. The area also offers a wealth of amenities, including numerous restaurants, banks, hospitals, and entertainment options. This is one of the few remaining large development sites available in Greenwood, making it an exceptional investment opportunity for those seeking to capitalize on the area's continued growth. The asking price for this prime commercial land is $3,200,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.