640 S Madison Avenue Greenwood, IN $ 1,250,000
640 S Madison Avenue
$ 1,250,000
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640 S Madison Avenue

Greenwood, IN, 46142
$ 1,250,000
Bedrooms-- Baths-- Sq 7,500

Monthly Estimate*

$ 7,696

640 S Madison Avenue, Greenwood, IN 46142 - Image 1
640 S Madison Avenue, Greenwood, IN 46142 - Image 2
640 S Madison Avenue, Greenwood, IN 46142 - Image 3
640 S Madison Avenue, Greenwood, IN 46142 - Image 4
640 S Madison Avenue, Greenwood, IN 46142 - Image 5
640 S Madison Avenue, Greenwood, IN 46142 - Image 6

Commercial Property for sale in Greenwood, IN

for $1,250,000. This 7,500 square foot building was built on a lot size of 0.948.

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!

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 7,944

Style

Retail

Lot Size

0.948

Town/City

Greenwood

County/Region

Johnson

MLS | Web ID

22103017

Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Roof Metal
Zoning Commercial Medium
Township Pleasant
Property Subtype Retail
Tax Year 2025
Current Use Auto Misc Restaurant Retail
Additional Parcels Description 41-02-32-043-047.003-026
County Johnson
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School Greenwood Community High Sch
City Greenwood
High School District Greenwood Community Sch Corp
MLS Area 4102 - Johnson - Pleasant
Lot Size Square Feet 41295
Middle/Junior High School Greenwood Middle School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 41-02-32-043-047.004-026
Legal Description Pt Se 1/4 S32 T14 R4 Tract 2
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Exterior
Parking Features Guest
Building Area Total 7500
Lot Size Acres 0.948
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
Century 21 Scheetz

Broker

marklinderteam@c21scheetz.com

Email

Affordability Calculator

$8,358
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$662
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045014 Elementary School
4046576 Middle School
Greenwood Community High Sch High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1,250,000 Listed Price

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640 S Madison Avenue, Greenwood, IN, 46142 is a Commercial Property for sale at $1,250,000 with 7,500 sqft and a lot size of 0.948. The property's zip code is 46142 which is in Greenwood, IN