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4648 W Smith Valley Road

Greenwood, IN 46142

ActiveListed May 29, 2026 · 3 days on market

Key facts

Living area
1,890 sqft
Lot
0.89 acres
Type
Commercial Sale · Retail
MLS #
22105440
County
Johnson
Total building area
1,890 sqft

About this home

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.

Description provided by the listing brokerage.

Exterior

Parking and garage
Detached

Systems

Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSeptic SystemWater Connected

Lot and HOA

Zoning
SR

Schools

High school
Center Grove High School
School district
Center Grove Community School Corp

Taxes

Estimated annual tax
$550 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,113per month, estimated
Principal and interest $2,868Property tax $46Insurance $199
20% · $113,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$569,000
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