640 S Madison Avenue
$1,250,000
Active

640 S Madison Avenue

Greenwood, IN 46142
Browse more homes in Greenwood, IN
7,500
SqFt
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!

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!

LISTING SNAPSHOT

Price$1,250,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)7,500 sqft
Lot Size0.948 Acres
Year Built0
MLS® Number22103017
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A

GENERAL

Acres0.948
Additional Property UseRetail
ParkingGuest
Property Sub TypeRetail
SqFt Total7500
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ZoningCommercial Medium

EXTERIOR

Road FrontageCity Street
RoofMetal

COMMUNITY

MLS Area4102 - Johnson - Pleasant
School DistrictGreenwood Community Sch Corp
TownshipPleasant
RoadsAsphalt

SCHOOLS

School DistrictGreenwood Community Sch Corp
Middle SchoolGreenwood Middle School
High SchoolGreenwood Community High Sch

PRICE & LISTING HISTORY

September 23, 2026Active

Listing courtesy of CENTURY 21 Scheetz (marklinderteam@c21scheetz.com)

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 2026-10-05 02:12 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.

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