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640 S Madison Avenue

Greenwood, IN 46142
  • $1,250,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 22103017
UPDATED: 70 min ago
$1,250,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Information

Description

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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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-14T08:24:56.143. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
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640 S Madison Avenue Greenwood, IN 46142

  • Price: $1,250,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 70 min ago
  • MLS #: 22103017
0
Beds
0
Baths
0
½ Baths
0.95
Acres
Neighborhood:
4102 - Johnson - Pleasant
County:
Johnson
Area:
4102 - Johnson - Pleasant
Middle School:
Greenwood Middle School
High School:
Greenwood Community High Sch
School District:
Greenwood Community Sch Corp
Property Description
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!
Exterior Features

Parking Features Guest Road Access Access Rd Road Frontage Type City Street Road Surface Type Asphalt Roof Metal

Interior Features

Building Area Total 7500

Property Features

Acres 1/2-1 Acre Current Use Auto MiscRestaurantRetail Dpr YN No New Construction YN No Possession Closing Property Sub Type Retail Semi Annual Property Tax Amt 3972 Space Available 7500 Tax Year 2025 Township Pleasant Transaction Type Sale Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Commercial Medium

Listing provided courtesy of CENTURY 21 Scheetz: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-14T08:24:56.143. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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