645 US Hwy 31 N, Greenwood, IN — Sale in Greenwood, IN
- Price: $3.4M
- Listing type: For sale
- Asset type: Industrial Property
- Location: Greenwood, IN 46142
- Size: 22,060 SF
- Year built: 1997
Photos
Investment Figures
- Price per square foot
- $154
- Price per unit
- $1,700,000 across 2 units
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
New Price! South Side US 31 Retail and Warehouse Building in Greenwood Rare opportunity to acquire a south side US 31 commercial retail building including warehouse space in the heart of Greenwood's shopping district. Built in 1980, the building offers a spacious retail showroom plus an extensive warehouse with mezzanine storage. Large pylon signage provides strong visibility. The 1.13 acre site included lots of parking too. The location serves Greenwood and offers easy distribution and storage for the greater Indianapolis market. Indiana Brazilian Jiu Jitsu Academy occupies 7,740 SF of retail space on a long-term lease, providing stable cash flow. The remaining 14,320 SF will become available January 1, 2027, a great opportunity for an owner-occupant, new tenant or investor. Building SF: 22060 | Land Size: 1.13 Ac | Year Built: 1997 | Listing Type: FOR SALE
Market Context
This industrial in Greenwood, IN is listed for sale at $3,400,000 across 22,060 SF ($179/SF). The building dates to 1997. Compare it against other industrial listings for sale in Greenwood, IN — view the full market.
As of Q2 2026, the Indianapolis industrial market showed a 6.0% vacancy rate, average asking rents near $6.37/SF/yr, and rents up 1.6% year over year. Source: multiple brokerage reports, Q2 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Industrial market FAQ
- Is the Indianapolis industrial market tightening or softening?
- Vacancy is around 6.0%, with asking rents rising year over year (Q2 2026).
Contact
- Sharon Thompson — Keller Williams Indy Metro Northeast - Indianapolis IN 46240 · +13175647160 · sharonthompson@kw.com
- Sharon Thompson · +13175647160 · sharonthompson@kw.com
Explore this market
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