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Investment Highlights

  • Downtown Greenwood location with strong visibility
  • Owner-user or investment potential
  • Surrounded by dining, retail, and local businesses
  • Flexible retail, office, or mixed-use opportunity
  • Two-story historic brick building

Executive Summary

Located in the heart of Downtown Greenwood, 170 S. Madison Avenue presents a rare opportunity to create a signature commercial destination in one of Johnson County's fastest-growing markets. The property offers outstanding visibility and accessibility along Madison Avenue and is ideally suited for an owner-user, restaurant, boutique retail, professional office, or mixed-use redevelopment. Surrounded by thriving local businesses, dining, entertainment, and public amenities, the site is well positioned to capitalize on Downtown Greenwood's continued revitalization and long-term growth.
With the major structural and exterior improvements already completed, a new owner can focus on designing the interior to fit their vision and business needs.

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
2,800 SF
Building Class
C
Year Built
1930
Price
$449,000
Price Per SF
$160.36
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,400 SF
Slab To Slab
10’
Building FAR
4.29
Lot Size
0.01 AC
Zoning
C-3
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
41-02-32-013-097.001-026
Land Assessment
$22,100
Improvements Assessment
$22,200
Total Assessment
$44,300
  • Listing ID: 40434246

  • Date on Market: 5/7/2026

  • Last Updated:

  • Address: 170 S Madison Ave, Greenwood, IN 46142

Contact the Sale Advisor

170 S Madison Ave

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