# 640 S Madison Avenue, Greenwood, IN 46142

> **TL;DR:** commercial, $1,250,000 ($167/sqft), 7,500 sqft. Est. $5,417/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,250,000 |
| Price/sqft | $167 |
| Square Feet | 7,500 |
| Lot Size | 41,295 sqft (0.95 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,417 |
| **Total** | **$5,417** |

## Nearby Schools

- **Middle:** Greenwood Middle School
- **High:** Greenwood Community High Sch

## Property Highlights

- 0.95 acre lot

## Description

### Agent 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!

## Location

- **Address:** 640 S Madison Avenue, Greenwood, IN 46142
- **County:** Johnson
- **Coordinates:** 39.607466, -86.108187
- **Google Maps:** https://www.google.com/maps?q=39.607466,-86.108187

## Listing Agent

- **Name:** Mark Linder
- **Brokerage:** CENTURY 21 Scheetz
- **Phone:** 3178445111
- **Email:** marklinderteam@c21scheetz.com

## Primary Photo

![640 S Madison Avenue - Primary Photo](http://lh.rdcpix.com/ace55555974eb3337e0aba8864ca6607l-f4219363162r.jpg)

*6 total photos available on [listing page](https://www.propertysimple.com/listing/640-s-madison-avenue-greenwood-in-46142-22103017)*

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**MLS#:** 22103017 | **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/640-s-madison-avenue-greenwood-in-46142-22103017)

---

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