Johnson County, IN Retail Properties & Spaces for Sale

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Updated: May 21

Downtown Greenwood Retail/Office Investment

640 S Madison Ave, Greenwood, IN 46142

$1,250,000

7,506 sqft

Prime downtown Greenwood location with high street visibility and foot traffic.
Leased through at least October 2027, with part of the main building leased through Nov. 2030, providing immediate income.
Two buildings: a 6,000 sq ft main building and a 1,500 sq ft freestanding secondary building.
Located near "The Madison", a large mixed‑use development with retail space and over 400 residential units.
Lit pylon signage** visible from heavily traveled US 31.

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This listing looks promising.

Here's a quick look at some key insights for

640 S Madison Ave, Greenwood, IN

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$95K
Annual
Mortgage

$641K
Nov 2024
Property Type

Retail Stores
Built 1998

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Updated: May 29

Day Care Center With Parking

730 Fry Road, Greenwood, IN 46142

$799,900

0.57 AC lot

Approximately 0.57 acres with an existing commercial building
Most recently operated as a day care facility
120 feet of frontage along Fry Road
More than 16,000 vehicles pass the property daily
On‑site parking lot with ingress and egress along Fry Road

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Retail Space with Pylon Signage

640 S Madison Avenue, Greenwood, IN 46142

$1,250,000

0.95 AC lot

Two-building retail/office property with lit pylon signage, leased through at least October 2027 and part through November 2030.

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Retail Space with Gated Parking

4978 W Smith Valley Road, Greenwood, IN 46142

$775,000

0.80 AC lot

B-1-zoned commercial property offers flexible potential for office or retail use.

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Remodeled Two-Story Office Building

164 E Jefferson St, Franklin, IN 46131

$599,000

3,272 sqft

Updated workspace combines open-plan areas with private offices, a conference room, kitchen, and bathroom.

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Leased Storefront Retail Property with Metal Roof

382 E Lakeview Drive, Nineveh, IN 46164

$350,000

2.20 AC lot

Leased storefront retail property zoned C-1 with a metal roof and building plus outbuilding on 2.2 acres.

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Commercial Land With Building

4978 W Smith Valley Road, Greenwood, IN 46142

$1,125,000

74,836.00 AC lot

B-1-zoned property with an existing building at a signalized road intersection and convenient access to I-69.

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Commercial Land with Existing Building

3480 S Us 31, Franklin, IN 46131

$299,000

3.00 AC lot

General Commercial zoning and an existing structure formerly used for retail support multiple commercial applications.

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Retail Property Zoned CM

1000 N State Road 135, Greenwood, IN 46142

$1,675,000

2.00 AC lot

For-sale retail property on a 2-acre lot zoned CM.

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Medical Office with Retail Space

1000 Us Highway 31 S, Greenwood, IN 46143

$2,350,000

1.53 AC lot

Built in 2016 with ample parking and available signage for commercial operations.

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Prime Commercial Opportunity in Greenwood

4978 W Smith Valley Road, Greenwood, IN 46142

$775,000

4,400 sqft 1.00 AC lot

4400 SF building on nearly an acre in Greenwood.

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Mixed-Use Property with Apartment

80 N Jackson Street, Franklin, IN 46131

$370,000

0.12 AC lot

Downtown building combines a commercial storefront with residential space, private entrances, and off-street parking.

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Bank Branch with Drive-Thru Lanes

1275 Us Highway 31 N, Greenwood, IN 46142

Contact for pricing

4,535 sqft

Bank branch located inside Greenwood Park Mall with US 31 frontage, drive-thru lanes, and an in-place vault and offices.

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NNN Automotive Property

4985 W Smith Valley RD, Greenwood, IN 46142

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5,082 sqft

Leased automotive facility at a signalized intersection within a major retail corridor.

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Shops on Meridian Retail Property

201 S State Rd 135, Greenwood, IN 46142

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4,051 sqft

Fully leased retail property with national tenants in Greenwood, Indiana.

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Greenwood Commercial Building with Warehouse

645 US-31, Greenwood, IN 46142

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19,500 sqft 1.13 AC lot

High-visibility commercial property with retail and warehouse space for sale.

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Shopping Center with Pylon Signs

707 S Madison Ave, Greenwood, IN 46143

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51,580 sqft

Retail property with national tenants, multi-road frontage, and established pylon signage.

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Business Opportunities for sale

4170 U.S. 31 South, Franklin, IN 46131

$1,150,000

139,392 sqft 3.20 AC lot

139,392 SF Pet Shops & Supplies in Johnson County

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Updated Glass-Front Storefront

105 W Main Cross St, Edinburgh, IN 46124

$149,500

Commercial storefront with double-door entry, strong glazing, and upgrades to key building systems.

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Fuel-Approved Hard Corner Land

795 North Emerson Avenue, Greenwood, IN 46143

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3.75 AC lot

Fuel is an approved use on a signalized hard corner with shared full access off Wilson Dr.

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Medical/Retail Space Near New Development

1000 Us Highway 31 S, Greenwood, IN 46143

$2,350,000

1.53 AC lot

Combination medical and retail space near Greenwood's new "The Madison".

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LA Fitness NNN Property

540 N State Rd 135, Greenwood, IN 46142

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NNN property associated with a new 10-year lease in the Indianapolis metropolitan area.

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Mixed-Use Building with Storefronts

71 E Jefferson Street, Franklin, IN 46131

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Fully rented property combining street-level storefronts with residential apartments.

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22 Acre Mixed-Use Development Land

US Hwy 31 & Christian Blvd |, Whiteland, IN 46131

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22.00 AC lot

22-acre mixed-use development land suitable for office, retail, residential.

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Johnson County, IN Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Johnson County, IN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 239,318 square feet of properties for sale, with an estimated market value of $15,417,300.

Sale prices for stores in Johnson County, IN start at $149,500, averaging $963,581, and reaching up to $2,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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