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$1,200,000
7,500
square ft

640 S Madison Avenue
Greenwood, Indiana 46142

Closed / MLS #21981985 / Commercial / Mixed Use / Greenwood
Listing information updated 11/4/2025 at 9:06pm
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 is at half capacity and building 2 is currently fully leased until Oct 2025. Lit pylon signage is visible from the heavily traveled US 31. Surrounded by other existing shops, restaurants, gas stations and more as well as currently being developed additions, including "The Madison", a luxury, mixed-use/live,work,play design, the very first of its kind for downtown Greenwood. 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!
Lot Size:
0.9 Acres
Acreage:
0.9
Built:
1998
Current Use:
Auto Misc, Restaurant, Retail
Zoning:
Commercial Medium
Building Square Feet:
7,500
Tax Amount:
N/A
Tax Year:
2023
Zip Code:
46142
City:
Greenwood
County:
Johnson

Listing Office: CENTURY 21 Scheetz

Listing Office Phone: 317.881.2100

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/4/2025 at 9:06pm. 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.

$368,306
Average Sale Price
46
Average Days On The Market
96%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 640 S Madison Avenue, Greenwood, IN 46142

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640 S Madison Avenue, Greenwood, IN 46142 is a commercial / mixed use which sold for $1,200,000. This commercial / mixed use has been listed on @properties IND since May 31st, 2024 and was built in 1998.