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$1,250,000
4 Days On Site

640 S Madison Avenue
Greenwood, IN 46142

For Sale|Retail|Active
0
Beds
0
Total Baths
7,500
SqFt
$167
/SqFt
County:
Johnson
Listing courtesy of CENTURY 21 Scheetz (317) 514-6275

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317-650-3572
640 S Madison Avenue640 S Madison Avenue640 S Madison Avenue640 S Madison Avenue
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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!

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Listing Snapshot
Price 
$1,250,000
Days On Site 
4 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,500 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.948 Acres
Year Built 
N/A
MLS® Number 
22103017
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Acres 
0.948
Additional Property Use 
Retail
Parking 
Guest
Property Sub Type 
Retail
SqFt Total 
7500
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Zoning 
Commercial Medium
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Exterior Features
Road Frontage 
City Street
Roof 
Metal
Community Features
MLS Area 
4102 - Johnson - Pleasant
Roads 
Asphalt
School District 
Greenwood Community Sch Corp
Township 
Pleasant
Schools
School District
Greenwood Community Sch Corp
Elementary School
Unknown
Middle School
Greenwood Middle School
High School
Greenwood Community High Sch
Listing courtesy of CENTURY 21 Scheetz (317) 514-6275



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-05-26 12:36 PM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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