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Improved Mixed-Use Land for Sale in Greenwood, Indiana

4648 W Smith Valley Rd, Greenwood, IN 46142

$569,000
0.89 acres
Active sale
ago
Est $3,088/mo

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.

1,890
Sq feet

Location

Street address
4648 W Smith Valley Rd
Zip code
46142
Community
Johnson - White River
School district
Center Grove Community School Corp
Elevation
723 feet
Coordinates
39.6057, -86.1903

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

NameTypeDistrict
Center Grove High SchoolHighCenter Grove Community School Corp

Listing history

DateEventPriceChangeSource
June 2, 2026New listing$569,000MIBOR
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This 0.89-acre property is located at 4648 W Smith Valley Rd in Greenwood, IN 46142. The property is available for sale for $569,000. It has a 1,890 sq ft structure.

Listed by RE/MAX Advanced Realty, (317) 298-0961

Checked 1 hour agoUpdated Source

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