Greenwood, IN Commercial Real Estate for Lease and Sale

Explore 54 listings of Greenwood commercial real estate for lease and for sale to find the best space for your business.

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373 Meridian Parke Ln. Condo A

373 Meridian Parke Ln , Meridian Park, Greenwood, IN
Property

Office

6,330 SF
Year Built

1998
For Sale

$1,199,900
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Worthsville Rd. & Sheek Rd.

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

VacantLand
Availability

1 Space

64,904 SF
For Lease Contact for pricing
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1464 Stones Crossing Road

1464 Stones Crossing Road, Copper Chase, Greenwood, IN
Property

Retail

16,800 SF
Availability

6 Spaces

12,600 SF
For Lease Contact for pricing
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Cubework Greenwood

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

Industrial

300,000 SF
Availability Contact for availability
Year Built

2015
For Lease Contact for pricing
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Indiana American Office Park - Buildings 2, 3 & 4

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

Office

91,404 SF
Availability

3 Spaces

12,981 SF
Year Built

2001
For Lease Contact for pricing
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800 Commerce Parkway West Drive

800 Commerce Parkway West Drive, Precedent South Business Center, Greenwood, IN
Property

Industrial

795,237 SF
Availability

1 Space

141,000 SF
Year Built

2006
For Lease Contact for pricing
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New Construction Industrial Building Ready for Occupancy

703 N Graham Road Indianapolis, South Point Business Park, Indianapolis, IN
Property

Industrial

168,728 SF
Year Built

2022
For Sale Contact for pricing
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Greenbrooke Medical Pavilion

701 East County Line Road, Indiana American Office Parke, Greenwood, IN
Property

Office

94,238 SF
Availability

1 Space

11,216 SF
Year Built

2007
For Lease Contact for pricing
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1209 N. Madison Ave.

1209 N. Madison Ave., Forest Park, Greenwood, IN
Property

Retail

2,274 SF
For Sale

$775,000
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Stand Alone Office with Over 6,000SF Garage Space

1506 West Smith Valley Road, Hunting Creek, Greenwood, IN
Property

Office

8,670 SF
For Sale

$1,200,000
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1670-1692 Stonegate Drive

1670-1692 Stonegate Drive, Timber Creek Village, Greenwood, IN
Property

Office

10,348 SF
Availability

1 Space

2,450 SF
For Lease

$15.00/SF/YR
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642 Chaney Avenue

642 Chaney Avenue, Southtech Park, Greenwood, IN
Property

Industrial

232,500 SF
Availability

1 Space

107,880 SF
Year Built

2017
For Lease Contact for pricing
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The Signature Building

1530 American Way, South Park Business Center, Greenwood, IN
Property

Office

45,584 SF
Availability

1 Space

3,646 SF
Year Built

2008
For Lease Contact for pricing
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Greenwood Office/Retail for Lease

1672 Stonegate Drive, Timber Creek Village, Greenwood, IN
Property

Office

10,348 SF
Availability

1 Space

2,450 SF
For Lease

$15.00/SF/YR
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Greenwood Center

707 S. Madison, Crossmans, Greenwood, IN
Property

Retail

51,580 SF
Availability

2 Spaces

2,337 SF
For Lease

$18.00 - $20.00/SF/YR
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893 E Main St

893 E Main St, Backer Commercial, Greenwood, IN
Property

Retail

8,400 SF
Availability

1 Space

3,600 SF
Year Built

2007
For Lease

$25.00/SF/YR
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1499 Windhorst Way

1499 Windhorst Way, South Park Business Center, Greenwood, IN
Property

Office

36,502 SF
Availability

2 Spaces

7,400 SF
For Lease

$20.00/SF/YR
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1209 N. Madison Ave.

1209 N. Madison Ave., Forest Park, Greenwood, IN
Property

Retail

2,274 SF
Availability

1 Space

2,274 SF
For Lease Contact for pricing
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Southpoint Business Park - Greenwood 500

764 North Graham Road, Southtech Park, Greenwood, IN
Property

Industrial

511,680 SF
Availability

1 Space

511,680 SF
Year Built

2017
For Lease Contact for pricing
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998 Gerdt Court

998 Gerdt Court, Precedent South Business Center, Greenwood, IN
Property

Industrial

132,000 SF
Availability

1 Space

66,000 SF
Year Built

2016
For Lease Contact for pricing
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2234 Sheek road

2234 Sheek road, The Meadows at Bainbridge, Greenwood, IN
Property

VacantLand
For Sale

$962,500
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The Madison

The Madison, Greenwood Community Complex, Greenwood, IN
Property

Retail

18,401 SF
Availability

5 Spaces

18,401 SF
Year Built

2023
For Lease Contact for pricing
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Park 1401

1401 West County Line Road, Rosengarten, Greenwood, IN
Property

Office

38,000 SF
Availability

4 Spaces

13,005 SF
Year Built

2006
For Lease

$22.00/SF/YR
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450 S State Rd 135 -Center Grove Office Suites

450 S State Road 135, Menards Commercial, Greenwood, IN
Property

Office

5,280 SF
Availability

1 Space

2,365 SF
Year Built

2003
For Lease

$15.00/SF/YR
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New Construction Industrial Building Ready for Occupancy

703 N Graham Road Indianapolis, South Point Business Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

168,728 SF
Year Built

2022
For Lease Contact for pricing
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Worthsville Rd. & Sheek Rd.

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

VacantLand
For Sale

$1,650,000
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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 456,016 square feet of office space across 15 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 307,201 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 3,228,221 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 2,497,660 square feet of available listings. Retail space available in Greenwood adds up to 112,128 square feet.

Meanwhile, most of the listings of commercial property for sale in Greenwood are in the Office 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 $19.4 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. The highest concentration of commercial space listings of any kind in Greenwood is in the Copper Chase neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Rosengarten area.

Meanwhile, retail space opportunities are most abundant in the Copper Chase submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Southtech Park.

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 $25 per square foot. In particular, the property type commanding the highest lease rates in Greenwood was Retail space.

Conversely, the highest sale price last year was $8,911,000 that is located at 555 East County Line Road.

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 30,402 square feet.
Retail properties here incorporate an average of 23,631 square feet.
Industrial space in Greenwood is in buildings that are, on average 269,019 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 3,913,850 square feet. The market offers 13 active office listing(s), which amount to 97,886 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 112,128 square feet across 13 retail space(s). Industrial space for rent opportunities in Greenwood amount to 2,497,660 square feet across a total of 14 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	13	97,886
Retail	13	112,128
Industrial	14	2,497,660
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 2,078,908 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	15,000
Retail	1	3,000
Industrial	2	223,778
Other	7	1,837,130

Greenwood, IN Commercial Real Estate for Lease and Sale

373 Meridian Parke Ln. Condo A

Worthsville Rd. & Sheek Rd.

1464 Stones Crossing Road

Cubework Greenwood

Indiana American Office Park - Buildings 2, 3 & 4

800 Commerce Parkway West Drive

New Construction Industrial Building Ready for Occupancy

Greenbrooke Medical Pavilion

1209 N. Madison Ave.

Stand Alone Office with Over 6,000SF Garage Space

1670-1692 Stonegate Drive

642 Chaney Avenue

The Signature Building

Greenwood Office/Retail for Lease

Greenwood Center

893 E Main St

1499 Windhorst Way

1209 N. Madison Ave.

Southpoint Business Park - Greenwood 500

998 Gerdt Court

2234 Sheek road

The Madison

Park 1401

450 S State Rd 135 -Center Grove Office Suites

New Construction Industrial Building Ready for Occupancy

Worthsville Rd. & Sheek Rd.

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