# 4648 W Smith Valley Road, Greenwood, IN 46142

> **TL;DR:** commercial, $569,000 ($301/sqft), 1,890 sqft. Est. $2,466/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $569,000 |
| Price/sqft | $301 |
| Square Feet | 1,890 |
| Lot Size | 38,768 sqft (0.89 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,466 |
| **Total** | **$2,466** |

## Nearby Schools

- **High:** Center Grove High School

## Property Highlights

- 0.89 acre lot

## Description

### Agent 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.

## Location

- **Address:** 4648 W Smith Valley Road, Greenwood, IN 46142
- **County:** Johnson
- **Coordinates:** 39.605663, -86.1903
- **Google Maps:** https://www.google.com/maps?q=39.605663,-86.1903

## Listing Agent

- **Name:** Keith Turnbill
- **Brokerage:** RE/MAX Advanced Realty
- **Phone:** 3172980961
- **Email:** turnbillk@gmail.com

## Primary Photo

![4648 W Smith Valley Road - Primary Photo](http://lh.rdcpix.com/fb4dbe447e780d6fb7d73b9114591684l-f163571952r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/4648-w-smith-valley-road-greenwood-in-46142-22105440)*

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**MLS#:** 22105440 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4648-w-smith-valley-road-greenwood-in-46142-22105440)

---

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