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$479,000
22117040 MLS
Charming Historic Office Space - Prime Commercial Opportunity. Step into a piece of history with this beautifully preserved 1946 property, offering timeless charm combined with flexible commercial functionality. Currently operating as professional office space, this property also offers residential-use potential, making it a rare and versatile find. Original hardwood floors flow throughout the main level, setting the tone for the character and craftsmanship found in every room. The main floor features two private offices, ideal for meeting with clients or focused work, along with a welcoming living room/waiting area anchored by a classic fireplace - perfect for greeting guests or clients in comfort. A formal dining room and sun-drenched sunroom add further versatility for meetings, breakrooms, or private workspace. The full kitchen includes an eat-in breakfast nook, a wonderful amenity for staff lunches or client hospitality, and a full bathroom completes the main level. Upstairs, you'll find an additional private office plus a spacious loft area with room for yet another workspace - ideal for a growing team or additional departments - along with a second full bathroom for added convenience. Outside, the property offers 5 designated parking spaces with room for more, ensuring easy access for staff and clients alike. A generous 26' x 35' unfinished basement/garage with an overhead door and rear entry provides excellent storage, workshop, or additional utility space. Blending historic character with modern-day functionality, this property is a standout opportunity for a business seeking a distinctive home base full of warmth and personality.

399 W Main Street, 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

$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

$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

$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

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