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    Greenwood, IN Retail Space for Sale

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    Bargersville, IN Indianapolis, IN Whiteland, IN
    8 results
    Greenwood Retail/Office Investment Opportunity
    $1,250,000
    7,500 SF

    Greenwood Retail/Office Investment Opportunity

    640 S Madison Avenue, Greenwood, IN 46142

    Prime retail/office space in downtown Greenwood with high visibility.

    • Prime downtown Greenwood location with high foot traffic and street visibility.
    • Two buildings totaling 7,506 sq ft: a 6,000 sq ft main building and a 1,500 sq ft freestanding secondary building.
    • Current leases in place through at least October 2027, with a portion of the main building leased through November 2030.
    • 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.
    Updated: May 21
    View details
    Prime Commercial Land Opportunity
    $1,125,000
    4,400 SF

    Prime Commercial Land Opportunity

    4978 West Smith Valley Road, Greenwood, IN 46142

    1.7 acres with 4400 SF building in Greenwood, IN.

    • 1.7 acres of prime commercial land on 3 parcels.
    • Located at the intersection of Smith Valley and Morgantown Road.
    • Minutes from the Smith Valley and I‑69 interchange.
    • 4400 square foot building, formerly an auto repair shop.
    • Endless opportunities for office or retail space.
    Updated: Mar 20
    View details
    Greenwood Retail Building with Warehouse
    $3,500,000
    19,500 SF

    Greenwood Retail Building with Warehouse

    High-visibility commercial property with stable income and growth potential.

    645 U.S. Highway 31 North, Greenwood, IN 46142
    View details
    Greenwood Commercial Property on US-31
    $2,350,000
    12,293 SF

    Greenwood Commercial Property on US-31

    Combination medical office and retail space in high-growth Greenwood, Indiana.

    1000 Us Highway 31 S, Greenwood, IN 46143
    View details
    Greenwood Commercial Building with Warehouse
    $3,500,000
    19,500 SF

    Greenwood Commercial Building with Warehouse

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

    645 US-31, Greenwood, IN 46142
    View details
    Prime Commercial Opportunity in Greenwood
    $775,000
    4,400 SF

    Prime Commercial Opportunity in Greenwood

    4400 SF building on nearly an acre in Greenwood.

    4978 W Smith Valley Rd, Greenwood, IN 46142
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    Greenwood Commercial Opportunity
    $1,575,000
    5,000 SF

    Greenwood Commercial Opportunity

    2 acres with retail building and development potential.

    1000 North State Road 135, Greenwood, IN 46142
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    Medical/Retail Space Near New Development
    $2,350,000
    12,293 SF

    Medical/Retail Space Near New Development

    Highly visible medical/retail space near Greenwood's new $83M development.

    1000 Us Highway 31 S, Greenwood, IN 46143
    View details
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 8 Active listings in Greenwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Commercial Corner Lot
    $449,900
    1,432 SF

    Prime Commercial Corner Lot

    High-visibility corner lot with immediate I-69 access in Martinsville.

    9393 N Waverly Park Road, Martinsville, IN 46151
    View details
    Retail Space Near High School
    $1,800,000

    Retail Space Near High School

    Retail space in a growing suburban Indianapolis market.

    8050 E Southport Rd, Indianapolis, IN 46259
    View details
    Retail Space For Sale
    $1,744,144
    2,176 SF

    Retail Space For Sale

    Retail space available, 2,176 SqFt, 5.55% CAP rate.

    5010 E County Line Rd, Indianapolis, IN 46237
    View details
    Former CVS Stand-Alone Retail Building
    Contact for pricing
    10,125 SF

    Former CVS Stand-Alone Retail Building

    Spacious retail building with high visibility and drive-thru.

    505 E. Thompson Rd. |, Indianapolis, IN 46227
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF

    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033
    View details

    Off-Market Properties in Greenwood, IN

    Consider similar Off-Market properties in Greenwood, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    211 Main St
    RETAIL STORES (PERSONAL SERVICES)
    896 SF Lot: 0.06 Acres
    Value Estimation by Request

    211 Main St, Greenwood, IN 46142-3129

    View details
    105 Madison Ave
    RETAIL STORES (PERSONAL SERVICES)
    2,236 SF Lot: 0.36 Acres

    105 Madison Ave, Greenwood, IN 46142-3572

    View details
    640 Madison Ave
    RETAIL STORES (PERSONAL SERVICES)
    6,000 SF Lot: 0.90 Acres

    640 Madison Ave, Greenwood, IN 46142-3073

    View details
    4979 Smith Vly Rd
    RETAIL STORES (PERSONAL SERVICES)
    4,368 SF Lot: 0.45 Acres
    Value Estimation by Request

    4979 Smith Vly Rd, Greenwood, IN 46142-9022

    View details
    1010 State Rd 135
    RETAIL STORES (PERSONAL SERVICES)
    14,112 SF Lot: 0.52 Acres
    Estimated value
    $940,000

    1010 State Rd 135, Greenwood, IN 46143-9416

    View details
    755 Main St
    RETAIL STORES (PERSONAL SERVICES)
    53,793 SF Lot: 8.62 Acres
    Estimated value
    $3,480,000

    755 Main St, Greenwood, IN 46143-1406

    View details
    181 Madison Ave
    RETAIL STORES (PERSONAL SERVICES)
    5,935 SF Lot: 0.08 Acres
    Estimated value
    $950,000

    181 Madison Ave, Greenwood, IN 46142-3572

    View details
    230 Main St
    RETAIL STORES (PERSONAL SERVICES)
    6,080 SF Lot: 0.14 Acres
    Estimated value
    $580,000

    230 Main St, Greenwood, IN 46142-3128

    View details
    1229 Blf Rd
    RETAIL STORES (PERSONAL SERVICES)
    2,240 SF Lot: 0.52 Acres
    Value Estimation by Request

    1229 Blf Rd, Greenwood, IN 46142-7748

    View details
    220 Main St
    RETAIL STORES (PERSONAL SERVICES)
    4,524 SF Lot: 0.41 Acres
    Value Estimation by Request

    220 Main St, Greenwood, IN 46142-3128

    View details
    711 Fry Rd, Unit 713
    RETAIL STORES (PERSONAL SERVICES)
    4,044 SF Lot: 0.48 Acres
    Value Estimation by Request
    Unit 713

    711 Fry Rd, Greenwood, IN 46142-3940

    View details
    1277 State Rd 135
    RETAIL STORES (PERSONAL SERVICES)
    2,925 SF Lot: 0.72 Acres
    Value Estimation by Request

    1277 State Rd 135, Greenwood, IN 46142-1020

    View details
    220 Us Hwy 31st S
    RETAIL STORES (PERSONAL SERVICES)
    5,480 SF Lot: 0.54 Acres
    Value Estimation by Request

    220 Us Hwy 31st S, Greenwood, IN 46142

    View details
    Morgantown Rd-whiteland Rd
    RETAIL STORES (PERSONAL SERVICES)
    280 SF Lot: 69.48 Acres
    Value Estimation by Request

    Morgantown Rd-whiteland Rd, Greenwood, IN 46143

    View details
    100 Byrd Way
    RETAIL STORES (PERSONAL SERVICES)
    39,705 SF Lot: 5.21 Acres
    Estimated value
    $1,365,000

    100 Byrd Way, Greenwood, IN 46143-9724

    View details
    720 State Rd 135
    RETAIL STORES (PERSONAL SERVICES)
    15,721 SF Lot: 1.88 Acres
    Estimated value
    $6,245,000

    720 State Rd 135, Greenwood, IN 46143-9410

    View details

    Greenwood, IN Retail Space Investment Opportunities Market Analysis

    Explore 72 retail space for sale in Greenwood, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 84,886 square feet of properties for sale, with an estimated market value of $16,425,000.

    Sale prices for retail space in Greenwood, IN start at $775,000, averaging $2,053,125, and reaching up to $3,500,000 — 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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    Top Commercial Asset Segments

    Shopping centers 10
    Automotive properties 5
    Auto shops 4
    Showrooms 3
    Car washes 1

    Property Size Breakdown

    The majority of commercial real estate listings in Greenwood fall within the 100,000+ square foot range.

    Demographics Overview

    Population 94K
    Population Growth (5Y) +11.0%
    Median Household Income $87,969
    College Educated 52.3%

    High-Yield Neighborhoods for Strategic Investment

    Identify Greenwood submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    46142 $2M
    46143 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.90%
    Property Tax per SF $33.72 per sq ft
    Tax Rate vs County Average 0.13 pp above county avg
    Average Loan-to-Value 65.0%

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