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640 S Madison Avenue, Greenwood, IN 46142

Johnson County

Key Facts

7,500Sq Ft
0.95Lot (acres)

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!

Property Information

Property Type

Commercial Sale

Sub-Type

Retail

Living Area

7,500 sq ft

Lot Size

0.95 acres

Zoning

Commercial Medium

Days on Market

2

MLS® Listing#

22103017

Property Features

Parking

Guest

Roof

Metal

Utilities

Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Schools

Middle:
Greenwood Middle School
High:
Greenwood Community High Sch

Financial Details

Parcel Number

410232043047004026

Directions

GPS Friendly

Affordability Calculator

$250,000

Estimated monthly payment

$6,653/mo

Principal $1,000,000 · Est. interest $1,395,089 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Greenwood, IN

$366,304
Median Listing Price
49
Median Days on Market
2,218
Median Sq Ft
$164
Median Price / Sq Ft
324
Active Listings
  • This home’s price is 241% above the area median.
  • Its price per sq ft is 2% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Greenwood, IN.

Location

Map showing the location of 640 S Madison Avenue, Greenwood, IN 46142

Points of Interest in Greenwood, IN

Showing the Greenwood area map.

Nearby Schools

  • Greenwood Christian Academy

    School · 0.1 mi away

  • School Elementary School

    Elementary · 0.1 mi away

  • Our Lady of the Greenwood School

    School · 0.1 mi away

  • Greenwood Middle School

    Elementary · 0.2 mi away

  • Greenwood Community Schools

    School · 0.4 mi away

  • Southwest Elementary School

    Elementary · 0.5 mi away

  • Greenwood High School

    Secondary · 0.6 mi away

  • Isom Central Elementary School

    Elementary · 0.6 mi away

  • Greenwood Middle School

    Secondary · 1.1 mi away

  • Greenwood Community Schools

    Elementary · 1.2 mi away

  • Central Nine Career Center

    Secondary · 1.3 mi away

  • Westwood Elementary School

    Elementary · 1.4 mi away

  • Playschoolers

    School · 1.4 mi away

  • Greenwood NE Elementary School

    Elementary · 1.5 mi away

  • Greenwood Christian Church

    School · 1.5 mi away

  • Kid City USA - Greenwood

    School · 1.5 mi away

  • Advanced Rescue Solutions

    School · 1.9 mi away

  • Ray Crowe Elementary

    Elementary · 2.1 mi away

  • Skyrise School on Madison Avenue

    School · 2.1 mi away

  • Grassy Creek Elementary School

    Elementary · 2.2 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Greenwood

Listing Courtesy: CENTURY 21 Scheetz - marklinderteam@c21scheetz.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. 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.

Last Updated: 2026-05-21

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Data provided by MIBOR. MLS® Listing#22103017. © 2026EXIT Realty®. All rights reserved.