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$569,000
37 Days On Site

4648 W Smith Valley Road
Greenwood, IN 46142

For Sale|Retail|Active
0
Beds
0
Total Baths
1,890
SqFt
$301
/SqFt
County:
Johnson
Listing courtesy of RE/MAX Advanced Realty (317) 626-0800

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4648 W Smith Valley Road4648 W Smith Valley Road
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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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Listing Snapshot
Price 
$569,000
Days On Site 
37 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,890 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.89 Acres
Year Built 
N/A
MLS® Number 
22105440
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
0.89
Additional Property Use 
Residential
Direction Faces 
South
Parking 
Detached
Property Sub Type 
Retail
Sewer 
Septic Tank
SqFt Total 
1890
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedWater Connected
Zoning 
SR
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Community Features
MLS Area 
4101 - Johnson - White River
School District 
Center Grove Community School Corp
Township 
White River
Schools
School District
Center Grove Community School Corp
Elementary School
Unknown
Middle School
Unknown
High School
Center Grove High School
Listing courtesy of RE/MAX Advanced Realty (317) 626-0800



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-07-08 10:15 PM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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