
Improved Mixed-Use Land for Sale in Greenwood, Indiana
4648 W Smith Valley Rd, Greenwood, IN 46142
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.
Location
- Street address
- 4648 W Smith Valley Rd
- County
- Johnson County
- Zip code
- 46142
- Community
- Johnson - White River
- School district
- Center Grove Community School Corp
- Elevation
- 723 feet
Directions
Just east of Morgantown Road on the north side of Smith Valley Road
Property details
- Lot size
- 0.89 acres38,768 sq ft
- Zoning
- SR
- MLS #
- MIBOR 22105440
- Posted
Parcels
- 410334034076000038
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Retail
- Franchise
- RE/MAX International
Nearby schools
| Name | Type | District |
|---|---|---|
| Center Grove High School | High | Center Grove Community School Corp |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 2, 2026 | New listing | $569,000 | — | MIBOR |