MLS® Listing#22103017 · Retail · Listed May 21, 2026
640 S Madison Avenue, Greenwood, IN 46142
Johnson County
Showing 5 of 12 photos
7,500Sq Ft
0.95Acre lot
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!
Full description online — scan the code for the complete listing.
Property information
Property type
Commercial Sale
Sub-type
Retail
Living area
7,500 Sq Ft
Lot size
0.95 acres
Price / Sq Ft
$167
Days on market
137
Parcel number
410232043047004026
Zoning
Commercial Medium
Features
Parking
Guest
Roof
Metal
640 S Madison AvenueGreenwood, IN 46142
Johnson County
$1,250,000List price
7,500Sq Ft
0.95Acre lot
4 months agoOn market
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
Building area
7,500 Sq Ft
Lot size
0.95 acres
Zoning
Commercial Medium
Days on market
137
MLS® Listing#
22103017
Property Features
Parking
Guest
Roof
Metal
Utilities
Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected
Parcel number
410232043047004026
Schools
Middle
Greenwood Middle School
High
Greenwood Community High Sch
Directions
GPS Friendly
Listing Courtesy: CENTURY 21 Scheetz - marklinderteam@c21scheetz.com
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Last Updated: 2026-05-21T00:00:00.000Z
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