Greenwood Commercial Properties for Sale

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Newest Greenwood Commercial Properties for Sale

$325,000

22107540 MLS

Main Street Corner Opportunity with exceptional visibility in Downtown Greenwood's Riverfront District. This two story commercial building offers approximately 2,429 square feet and is ideally suited for office, retail, restaurant, boutique, or mixed use concepts. Renovations have already begun, creating a rare opportunity for an owner occupant or investor to complete the space to their specifications. The property features four on site parking spaces, strong traffic exposure, and easy access to I-65, US 31, and Emerson Avenue. The second floor provides additional space for office, storage, or future expansion opportunities. Offered at $350,000 and available immediately.

100 E Main Street, Greenwood

$700,000

22110321 MLS

Versatile single-office building offering a functional layout for a variety of business uses. The main level features office space, a convenient kitchenette, and access to a private parking lot for employees and clients. The two upstairs bathrooms adds convenience, while the finished basement provides valuable additional space that can be used for offices, meeting rooms, or storage. The basement also includes a third bathroom, creating flexibility for day-to-day operations. With ample workspace and on-site parking, this property is well-suited for professional, administrative, or service-oriented businesses.

1674 W Smith Valley Road, Greenwood

$1,299,000

22109233 MLS

Headline: Prime Greenwood Investment! 8,500 SF 3-Story Commercial Building with $6,300/Mo Active Income & Planned Elevator Overview: Exceptional investment or owner-user opportunity in Greenwood, IN! Zoned CM (Commercial Medium), this versatile 8,500 SF, 3-story office building offers immediate, stable cash flow with tremendous leasing upside. Key Features: 1. Immediate $6,300/Mo Income: Generating steady revenue from day one. The entire 2nd floor is leased to an established medical doctor's clinic for $5,800/month, and one room on the 3rd floor is currently leased for $500/month. 2. Planned Elevator Upgrade: Seller is actively coordinating the installation of a brand-new elevator connecting the first floor to the lower level, ensuring seamless accessibility. 3. Walk-Out Lower Level: Features a premium walk-out lower level with grade-level rear access and full natural light-perfect for private client entry or separate office suites. 4. Value-Add Upside: Remaining spaces on the 1st and 3rd floors are ready for lease, ideal for expanding your own business or maximizing market rents. Premium location with high visibility and ample parking. Schedule your private tour today! Quick Specs: * Current Income: $6,300 / Month (2nd Fl Medical + 3rd Fl Room) * Size/Zoning: 8,500 SF | CM Zoning * Layout: 3 Stories (with Walk-out Lower Level) * Special Amenity: Planned Elevator (1st Floor to Lower Level)

821 N State Road 135, Greenwood

$449,000

22107543 MLS

170 S Madison Street, Greenwood

$799,900

22105650 MLS

Excellent commercial opportunity in the heart of Greenwood. This highly visible property features a **5,405-square-foot building situated on approximately 0.57 acres**, with an impressive **120 feet of frontage along Fry Road**, one of Greenwood's primary east-west corridors. The location benefits from strong traffic exposure, with **more than 16,000 vehicles passing the property daily**, providing exceptional visibility for a wide variety of business uses. The property was most recently operated as a daycare facility and offers a functional layout that may be well-suited for continued childcare operations, educational services, medical or professional office use, retail, wellness services, or other commercial applications. The site includes an existing parking lot, offering convenient customer and employee access, and benefits from excellent ingress and egress along Fry Road. Surrounded by established residential neighborhoods, schools, retail centers, and growing commercial development, the property is ideally positioned to serve the expanding Greenwood and Center Grove markets. Its central location provides quick access to State Road 135, U.S. 31, Interstate 65, and the greater Indianapolis metropolitan area, making it an attractive destination for businesses seeking both convenience and visibility. The combination of strong traffic counts, prominent frontage, existing improvements, and a desirable Greenwood location creates a rare opportunity for a wide range of commercial users. Whether you are seeking a location for a daycare, medical practice, professional office, retail business, or service-oriented operation, this property offers the visibility, accessibility, and flexibility necessary to support long-term success.

730 Fry Road, Greenwood

$569,000

22105440 MLS

Exceptional commercial development opportunity in the heart of Center Grove. This 0.89-acre property is designated **Neighborhood Commercial** in the latest Johnson County Comprehensive Plan, supporting a wide range of potential uses including professional office, medical, retail, restaurant, and service-oriented businesses. The property offers approximately **125 feet of frontage along Smith Valley Road**, providing outstanding visibility and exposure to an estimated **14,000 vehicles per day**. Existing improvements may be repurposed for continued use, or the site may be redeveloped to accommodate a new commercial project. Strategically positioned in **White River Township**, one of Johnson County's most desirable and rapidly growing areas, the property is poised to benefit from continued residential and commercial expansion driven by the completion of **Interstate 69**. Its central location, strong traffic counts, and future growth potential make this an excellent opportunity for investors, developers, and owner-users alike.

4648 W Smith Valley Road, Greenwood

$1,250,000

22103017 MLS

7,506 sq ft Retail/Office located in the heart of downtown Greenwood. This prime location guarantees street visibility, high foot traffic and maximum exposure. Property consists of two buildings: 1.) Main building of 6,000 sq ft. and 2.) Freestanding 1,500 sq ft secondary building. Building 1 and building 2 are currently leased through at least October 2027, with part of building 1 leased through Nov. 2030. Lit pylon signage is visible from the heavily traveled US 31. Surrounded by other existing shops, restaurants, gas stations and more. This site is also surrounded by "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for downtown Greenwood and the new Greenwood Fieldhouse. The Madison features 18,700 square feet of retail space, and over 400 luxury condominiums, townhomes and apartments. Don't miss out on this lucrative and long-standing Investment Opportunity!

640 S Madison Avenue, Greenwood

$1,125,000

22089978 MLS

Fantastic opportunity to purchase 1.7 acres on 3 parcels of PRIME commercial land. This 4400 square foot building, formerly an auto repair shop, is located at the Smith Valley and Morgantown Road intersection. The Prime location is just minutes from the Smith Valley and I-69 interchange. This property provides you with a fantastic opportunity to re-imagine the property and provides endless opportunities for office or retail space. This property also affords the next owner the ability to purchase just 2 parcels containing +/- .8 acres and the building, please see BLC 22090411.

4978 West Smith Valley Road, Greenwood

$775,000

22090411 MLS

Quite possibly Johnson County's finest commercial opportunity that is currently available. ULTRA prime location, located in the northeast sector of Smith Valley Road and Morgantown Road intersection. Fantastic 4400 square foot building situated on nearly an acre of land. This property provides endless opportunities for office space or retail. The past use has been an auto body shop, but this also offers an infinite amount of opportunities. This property is priced to sell in a hurry and priced accordingly for any future upgrades, improvements, etc. All of this within a twenty minute drive to downtown Indianapolis and the Indianapolis International Airport. There is an adjacent .92 acre lot that is not included in this sale, but per the seller, maybe purchased. If buyer would like to purchase all three parcels with building, see BLC 22089978.

4978 W Smith Valley Road, Greenwood

$1,675,000

22014550 MLS

1000 N State Road 135, Greenwood

$799,000

21999756 MLS

This strategically located property presents a unique opportunity for commercial development amidst a rapidly growing area. Currently zoned R2, the site offers flexibility for various commercial uses. The existing two-story, 3,552-square-foot building, features multiple private rooms, spacious community areas, a full kitchen, and four bathrooms. Additionally, the property includes a 400-square-foot pole barn, all on 2+ acres. Benefit from the proximity to other businesses and the highly anticipated Shops at Center Grove. This prime location offers excellent visibility and accessibility only minutes from the new I-69 interchange at Smith Valley Road. It is an ideal choice for businesses seeking to capitalize on the area's thriving commercial scene.

774 S Morgantown Road, Greenwood

$399,900

21958318 MLS

1260 Lincoln Park Boulevard, Greenwood

$750,000

21922407 MLS

This is a great lot with green space! There is 230.42' frontage and 649' deep. Lot is irregular. The preferred building spot is at the top portion of the lot facing 135. Because of the sloping elevation, a basement is ideal. The lot on the interior of the development is 268' allowing a large area for ingress & egress. There is a drainage easement at the rear of the lot. The back has trees creating a park-like setting for employees and customers. Note: The 2.52 acres contains 2 parcels. Cannot divide. Pylon sign available. Home Bank is to the south of the property. Olive Branch Parke has both retail and office users. High traffic counts on State Road 135. The address is an approximate.

1500 S State Road 135 Road, Greenwood

$995,000

21879417 MLS

The property is adjacent to CVS and the proposed drive will connect to Marlin Drive. Total of 2 acres +- Appointments must be scheduled 24 hours before showing. Please DO NOT disturb the tenants. This property backs up to Menards. There are 3 parcels to the east which contain 2.9 acres. ( MLS # 21879417. This property is ideal for office or retail use, restaurants, car wash, or other users seeking high visibility and traffic counts. There are plans for Smith Valley Road to be upgraded as I-69 has a major interchange going east to I-65. There is a possibility additional acreage that could be added to the west. This is a great area in the heart of the Center Grove community.

3124 W Smith Valley Road, Greenwood

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IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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IDX information provided by the Indiana Regional MLS