4648 W Smith Valley Road Greenwood, IN $ 569,000
4648 W Smith Valley Road
$ 569,000
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4648 W Smith Valley Road

Greenwood, IN, 46142
$ 569,000
Bedrooms-- Baths-- Sq 1,890

Monthly Estimate*

$ 3,503

4648 W Smith Valley Road, Greenwood, IN 46142 - Image 1
4648 W Smith Valley Road, Greenwood, IN 46142 - Image 2
4648 W Smith Valley Road, Greenwood, IN 46142 - Image 3

Commercial Property for sale in Greenwood, IN

for $569,000. This 1,890 square foot building was built on a lot size of 0.89.

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.

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Commercial Active

Price

$ 569,000

Property Type

Commercial

Taxes

$ 550

Style

Retail

Lot Size

0.89

Town/City

Greenwood

County/Region

Johnson

MLS | Web ID

22105440

Features
General
Utilities Cable Available Electricity Connected Natural Gas Connected Septic System Water Connected
Possession Negotiable
Zoning SR
Township White River
Property Subtype Retail
Tax Year 2025
Current Use Residential
County Johnson
New Construction N
Property Type Commercial Sale
Facing Direction South
Possible Use Comm Sgl Ten Office Retail
Status Active
Directions Just east of Morgantown Road on the north side of Smith Valley Road
High School Center Grove High School
City Greenwood
High School District Center Grove Community School Corp
MLS Area 4101 - Johnson - White River
Lot Size Square Feet 38856
Standard Status Active
Tax Lot 1
Legal Description E Sw S34 T14 R3
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Exterior
Parking Features Detached
Building Area Total 1890
Lot Size Acres 0.89
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* Excluded Features
List By
Re/Max Advanced Realty

Broker

turnbillk@gmail.com

Email

Affordability Calculator

$3,549
Per Month
99%
1%
0%
Monthly Principal & Interest
$3,503
Monthly Property Taxes
$46
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
4045213 Elementary School
4045218 Middle School
Center Grove High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$569,000 Listed Price

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4648 W Smith Valley Road, Greenwood, IN, 46142 is a Commercial Property for sale at $569,000 with 1,890 sqft and a lot size of 0.89. The property's zip code is 46142 which is in Greenwood, IN