Greenwood, IN Commercial Real Estate for Lease and Sale

Explore 136 listings of Greenwood commercial real estate for lease and for sale to find the best space for your business.

CRE Market Stats

373 Meridian Parke Ln. Condo A

373 Meridian Parke Ln , Meridian Park, Greenwood, IN
For Sale

$1,272,330
Property

Office

6,330 SF
Year Built

1998
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201 S. SR 135

201 S. SR 135, Villa Heights, Greenwood, IN
For Lease

Contact for pricing
Property

Retail

4,000 SF
Availability

1 Space

4,000 SF
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1670-1692 Stonegate Drive

1670-1692 Stonegate Drive, Timber Creek Village, Greenwood, IN
For Lease

$15.00/SF/YR
Property

Office

10,348 SF
Availability

2 Spaces

4,050 SF
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Indiana American Office Park - Buildings 2, 3 & 4

533 East County Line Road, Indiana American Office Parke, Greenwood, IN
For Lease

$18.00/SF/YR
Property

Office

91,404 SF
Availability

3 Spaces

12,981 SF
Year Built

2001
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1499 Windhorst Way

1499 Windhorst Way, South Park Business Center, Greenwood, IN
For Lease

$20.00/SF/YR
Property

Office

36,502 SF
Availability

2 Spaces

7,400 SF
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New Construction Industrial Building Ready for Occupancy

703 N Graham Road Indianapolis, South Point Business Park, Indianapolis, IN
For Sale

Contact for pricing
Property

Industrial

168,728 SF
Year Built

2022
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1300 Innovation Pkwy

1300 Innovation Pkwy, Innovation Park, Greenwood, IN
For Lease

Contact for pricing
Property

Office

25,130 SF
Availability

1 Space

24,385 SF
Year Built

2018
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The Signature Building

1530 American Way, South Park Business Center, Greenwood, IN
For Lease

Contact for pricing
Property

Office

45,584 SF
Availability

1 Space

3,646 SF
Year Built

2008
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Greenwood Commerce Center

65 Airport Pkwy, Greenwood Commerce Center, Greenwood, IN
For Lease

$16.00/SF/YR
Property

Office

48,436 SF
Availability

1 Space

3,032 SF
Year Built

1990
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South Park Business Center - Building 2

50 South Park Blvd, South Park Business Center, Greenwood, IN
For Lease

$12.00/SF/YR
Property

Office

86,806 SF
Availability

2 Spaces

12,649 SF
Year Built

1990
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1729 South US 31 - Suite J

1729 US 31 S, Park 800 Industrial, Pleasant Township, IN
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

2,400 SF
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South Park Business Center - Building 1

21 South Park Blvd, South Park Business Center, Greenwood, IN
For Lease

$15.00 - $18.50/SF/YR
Property

Office

39,715 SF
Availability

3 Spaces

7,395 SF
Year Built

1989
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650 Commerce Parkway East Drive

650 Commerce Parkway East Drive, Precedent South Business Center, Greenwood, IN
For Lease

Contact for pricing
Property

Industrial

300,000 SF
Availability Contact for availability
Year Built

2015
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Park 1401

1401 West County Line Road, Rosengarten, Greenwood, IN
For Lease

$22.00/SF/YR
Property

Office

38,000 SF
Availability

4 Spaces

13,005 SF
Year Built

2006
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Greenwood Center

707 S. Madison, Crossmans, Greenwood, IN
For Lease

$18.00 - $20.00/SF/YR
Property

Retail

51,580 SF
Availability

2 Spaces

2,337 SF
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Worthsville Rd. & Sheek Rd.

Worthsville Rd. & Sheek Rd., Preserve at South Lake, Greenwood, IN
For Lease

Contact for pricing
Property

VacantLand
Availability

1 Space

1.49 Acre
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893 E Main St

893 E Main St, Backer Commercial, Greenwood, IN
For Lease

$25.00/SF/YR
Property

Retail

8,400 SF
Availability

1 Space

3,600 SF
Year Built

2007
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New Construction Industrial Building Ready for Occupancy

703 N Graham Road Indianapolis, South Point Business Park, Indianapolis, IN
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

168,728 SF
Year Built

2022
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Worthsville Rd. & Sheek Rd.

Worthsville Rd. & Sheek Rd., Preserve at South Lake, Greenwood, IN
For Sale

$1,650,000
Property

VacantLand
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The Madison

The Madison, Greenwood Community Complex, Greenwood, IN
For Lease

Contact for pricing
Property

Retail

18,698 SF
Availability

5 Spaces

18,696 SF
Year Built

2023
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3209 West Smith Valley Road
Yeager
3209 West Smith Valley Road, Greenwood, IN
Services

Open Workspace

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Free water

High-speed internet

Mail services

Parking
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S SR 135

S SR 135, Southwest Greenwood, Greenwood, IN
For Sale

$2,700,000
Property

Unassigned
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W. County Line Rd.

W. County Line Rd., Silver Springs, Greenwood, IN
For Sale

$2,499,000
Property

VacantLand

1,836,925 SF
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Indy South Logistics Park - Building A

955 North Graham Road, South Point Business Park, Greenwood, IN
For Lease

Contact for pricing
Property

Industrial

429,300 SF
Availability

1 Space

278,200 SF
Year Built

2022
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Greendale Centre

723 US Highway 31 North, Greenwood Park Mall, Greenwood, IN
For Lease

Contact for pricing
Property

Retail

64,368 SF
Availability

2 Spaces

39,588 SF
Year Built

1975
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Greenwood Park at 65 South - Building 3

2829 Allen Road, Harold Minor, Greenwood, IN
For Lease

Contact for pricing
Property

Industrial

196,560 SF
Availability

1 Space

196,560 SF
Year Built

2023
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Greenwood commercial real estate market incorporates 1,771,512 square feet of office space across 35 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.

Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Greenwood commercial real estate market includes 3,885,448 square feet of retail space in a variety of settings.

Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Greenwood market, there is a total of 13,556,759 square feet of industrial property.

The listing inventory in Greenwood incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Greenwood is represented by Industrial space, which accounts for 1,768,266 square feet of available listings. Office space available in Greenwood adds up to 104,153 square feet.

Meanwhile, most of the listings of commercial property for sale in Greenwood are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Greenwood is $18.8 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Greenwood can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Greenwood, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $22 per square foot. In particular, the property type commanding the highest lease rates in Greenwood was Office space.

The average size of a commercial property in Greenwood depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Greenwood, the average size of an office property is 50,615 square feet.
Retail properties here incorporate an average of 121,420 square feet.
Industrial space in Greenwood is in buildings that are, on average 260,707 square feet in size.

Greenwood, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Greenwood currently add up to 3,167,128 square feet. The market offers 12 active office listing(s), which amount to 104,153 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 88,533 square feet across 8 retail space(s). Industrial space for rent opportunities in Greenwood amount to 1,768,266 square feet across a total of 11 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	12	104,153
Retail	8	88,533
Industrial	11	1,768,266
Other	3	1,206,176

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Greenwood, IN. Currently, there is 2,067,238 square feet of commercial property for sale here , which includes 1 office building(s) for sale , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	6,330
Industrial	2	223,778
Other	5	1,837,130

Greenwood, IN Commercial Real Estate for Lease and Sale

373 Meridian Parke Ln. Condo A

201 S. SR 135

1670-1692 Stonegate Drive

Indiana American Office Park - Buildings 2, 3 & 4

1499 Windhorst Way

New Construction Industrial Building Ready for Occupancy

1300 Innovation Pkwy

The Signature Building

Greenwood Commerce Center

South Park Business Center - Building 2

1729 South US 31 - Suite J

South Park Business Center - Building 1

650 Commerce Parkway East Drive

Park 1401

Greenwood Center

Worthsville Rd. & Sheek Rd.

893 E Main St

New Construction Industrial Building Ready for Occupancy

Worthsville Rd. & Sheek Rd.

The Madison

3209 West Smith Valley Road

S SR 135

W. County Line Rd.

Indy South Logistics Park - Building A

Greendale Centre

Greenwood Park at 65 South - Building 3

Frequently Asked Questions

Greenwood, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Greenwood, IN Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Greenwood, IN?

What factors affect the price of commercial real estate in Greenwood, IN?

What is the average rent for commercial space in Greenwood, IN?

What are the best areas for commercial real estate in Greenwood, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Greenwood, IN?

Greenwood, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us