Description

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.

Source: MIBOR as distributed by MLS GRID, MLS ID: 22105440

Listing provided courtesy of Keith Turnbill 317-881-3700 with RE/MAX Advanced Realty

Last Updated: 6/1/2026 | 10:16 PM

Home Details

Status: Active

Price: $569,000

Address: 4648 W Smith Valley Road, Greenwood, IN 46142

Bedrooms:

Bathrooms: 0

Square Feet: 1,890

34 days on Site

• Property Type: Commercial sale
• 34 days on Site
• 0.89 Lot Size