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$899,000
Rare opportunity to own one of the last large residential investment properties in Greenwood! This approximately 5-acre, flat and usable property offers tremendous potential for builders, developers, and investors. Conveniently located approximately 20 minutes south of Downtown Indianapolis and just minutes from I-65, major shopping, parks, and highly rated Greenwood schools. The property is directly across from Greenwood Middle School and approximately half a mile from Greenwood High School and Freedom Park. Major utilities, including gas, electric, water, and sewer, are located along Averitt Road. Previous development plans outlined 13-20 duplexes, offering the potential for 26-40 total units subject to zoning and governmental approvals. The property also offers flexibility for custom home development, with potential lot sizes ranging from approximately 1/4-acre lots to larger estate-sized parcels. Currently on the property is an approximately 4,300-square-foot, 11/2-story home featuring 5 bedrooms, 3 bathrooms, 2 fireplaces, gas forced air, and central A/C. Additional improvements include an approximately 2,500-square-foot pole building, a 900-square-foot red barn, and a pool in need of improvements.

1301 Averitt Road, Greenwood

Listing courtesy of Trueblood Real Estate.

$150,000
Rare 1.41-Acre Urban Oasis in Old Town Greenwood! An absolute unicorn of a property has hit the Greenwood market! Vacant land in this historic footprint is incredibly rare, and finding a parcel of this size is a once-in-a-lifetime opportunity. Boasting a total of 1.41 acres, this expansive property offers a perfect blend of cleared utility and private, wooded tranquility-all within easy walking distance of the absolute best that Old Town Greenwood has to offer. The front is fully secured by a 6-foot chain link fence with an access gate. Lined entirely by stunning mature trees, this section provides excellent privacy from the street and serves as a perfect gateway to the rest of the acreage. The rear portion of the property is a dense, scenic wooded retreat. It's your own private state-park experience right in your backyard. You simply cannot beat this location. Leave your car at home and take a short walk to: Greenwood Amphitheater & Craig Park (for summer concerts and community events), Old City Park & Northeast Park, Greenwood Community Center, and Old Town Greenwood Shops & Dining. Whether you are looking to build a custom dream home with unparalleled acreage in the heart of the city, or exploring a rare infill development opportunity, this parcel is a blank canvas waiting for your vision. Properties like this do not wait around-secure your piece of Old Town Greenwood today!

200 Academy Street, Greenwood

Listing courtesy of O'Brien Team Realty.

$2,490,000
Prime 7.69-acre commercial parcel with IC (Commercial) zoning located in a rapidly growing corridor in Greenwood. Positioned just east of Exit 99 off Interstate 65, this property offers excellent visibility, accessibility, and strong traffic counts. Zoning allows for a wide variety of commercial uses including hotel/motel, retail plaza, car wash, office or medical office space, banking, restaurant, and more. Surrounded by established and expanding commercial developments, including nearby logistics and truck stop operations, providing strong business synergy and growth potential. Utilities are Onsite. Ideal opportunity for investors, developers, or owner-users seeking a high-demand location. Don't miss this exceptional development opportunity in a high-growth area. NOTE: Will not be approved for Truck Yard.

1761 E Main Street, Greenwood

Listing courtesy of Blue Flag Realty Inc.

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