Martinsville, IN Commercial Real Estate for Sale

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Updated: Mar 12

Walgreens Retail Building

25 Bills Boulevard, Martinsville, IN 46151

$2,700,000

14,525 sqft 2.12 AC lot

14,525 SF Walgreens for sale at 1900 S Ohio Street, Martinsville, IN
11.43% CAP rate (per listing remarks)
Central Air and ceramic tile flooring
Built in 2003
Located directly off I‑69, about 20 minutes north to Indianapolis and 20 minutes south to Bloomington

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Updated: Jul 15

Multi-Building Flex Space with Garage Doors

1819 E Morgan Street, Martinsville, IN 46151

$1,695,000

1.23 AC lot

Three‑building flex portfolio on 1.80 +/- acres zoned B2
1819 E Morgan built in 2023: 4,800 SF garage with epoxy flooring plus 1,285 SF mezzanine
Mezzanine at 1819 E Morgan includes 3 offices and a large conference room
1819 E Morgan features 14' garage doors and 22' ceilings
1809 E Morgan graphics retail storefront with 12' garage doors and 14' ceilings

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Commercial Land with B2 and B3 Zoning

4440 State Road 37 N, Martinsville, IN 46151

$6,800,000

29.87 AC lot

Large acreage development site with B2 and B3 zoning, with the rear backing up to White River.

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Flex Space with Office and Manufacturing

400 E Mahalasville Dr, Martinsville, IN

$850,000

5,000 sqft 1.00 AC lot

Versatile 5,000 sq ft building with office or medical-ready space and open manufacturing area with 3-phase power.

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Agricultural Land with Multiple Uses

00D Waverly Road, Martinsville, IN 46151

$759,750

30.39 AC lot

Agricultural-zoned acreage suited for farming, hunting, or developing residential homesites in Morgan County.

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1-Acre Commercial Land Lot

555 Commercial Boulevard, Martinsville, IN 46151

$300,000

1.03 AC lot

Commercially zoned 1-acre lot in Martinsville suited for a variety of development plans.

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Agricultural Land Parcel

7892 N Whiteland Lane, Martinsville, IN 46151

$413,400

20.67 AC lot

20.67-acre agricultural-zoned parcel near I-69 with septic required for development.

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Prime Land Near I-69 Connector

383 Grand Valley Blvd., Martinsville, IN 46151

$4,000,000

40 sqft

40+/- acres for sale/lease near Walmart, I-69 connector.

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Storefront Property with Alley-Access Garage

159 N Main Street, Martinsville, IN 46151

$435,000

0.14 AC lot

Historic downtown storefront with a large retail area, back office or stock rooms, and an alley-access garage for deliveries or storage.

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Commercial Land Parcel on SR39

665 Morton Avenue, Martinsville, IN 46151

$500,000

2.71 AC lot

2.71-acre parcel zoned Commercial B2 with SR39 frontage in a highly visible, high-traffic setting.

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Freestanding Retail/Office Building

200 Flag Stone Drive, Martinsville, IN 46151

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2,500 sqft 0.72 AC lot

Freestanding 2,500 SF building with 15 parking spaces, suited for retail, restaurant, medical, or office use near I-69.

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Brick Office Building with Parking

1209 E Morgan Street, Martinsville, IN 46151

$369,797

0.40 AC lot

Former Farm Credit building offers private offices, open flex space, and paved parking with multiple entrances and exits.

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Cattle Pasture Tract with Road Frontage

N Waverly Park Rd, Martinsville, IN 46157

$500,000

20.00 AC lot

Gently rolling cattle pasture with about 975 feet of road frontage and utilities available at the road.

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Commercial Land Parcel with SR39 Frontage

665 Morton Avenue, Martinsville, IN 46151

$625,000

2.71 AC lot

2.71-acre B2-zoned parcel with SR39 frontage, providing easy access to I-69 and SR67.

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Commercial Land Parcel Zoned B2 and B3

Wysscraft Lane, Martinsville, IN 46151

$5,800,000

10.00 AC lot

Commercial site with B2 and B3 zoning and electrical utilities on site.

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Agricultural Farmland Tract

00A S R 37, Martinsville, IN 46151

$1,542,750

56.10 AC lot

Agricultural zoned acreage in Northern Morgan County with septic needed for utilities and development planning.

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Visible Commercial Site on Morton

960 Morton Avenue, Martinsville, IN 46151

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9,450 sqft

Highly visible commercial site along a heavily traveled corridor.

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Agricultural Land for Long-Term Use

S 37, Martinsville, IN 46151

$3,170,000

131.06 AC lot

Agricultural-zoned farmland totaling 131.06 acres, with septic needed for development.

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Corner Auto Shop Building

709 Morton Ave, Martinsville, IN 46151

$380,000

2,580 sqft

Two-story corner lot auto shop with garage bays and a newer roof, zoned B2 for flexible business use.

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Agricultural Land Parcel

00E R 37, Martinsville, IN 46151

$454,100

23.90 AC lot

Agricultural-zoned land offering 23.9 acres and septic-needed site conditions near I-69.

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Martinsville Walgreens For Sale

25 Bills Blvd, Martinsville, IN

Contact for pricing

14,525 sqft 2.18 AC lot

14,525 SF Walgreens located in Martinsville, Indiana for sale.

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Commercial Land Tract

905 Plaza Drive, Martinsville, IN 46151

$1,200,000

2.06 AC lot

B2-zoned land offering development flexibility with strong regional visibility from I-69.

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Industrial Warehouse with Office

1201 S Ohio St, Martinsville, IN 46151

Contact for pricing

225,000 sqft 17.41 AC lot

Warehouse with 67,500 SF of office space, multiple drive-ins and 6 docks, plus sizable clear heights on 17 acres.

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Agricultural Zoned Commercial Land

2119 E Morgan Street, Martinsville, IN 46151

$75,000

0.63 AC lot

Commercial land zoned agriculture at a noted intersection, suited for small-business development planning.

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Martinsville, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Martinsville, IN, showcased through 50 active listings on our real estate platform. These investment opportunities span a total of 370,720 square feet of properties for sale, with an estimated market value of $36,269,594.

Sale prices for business properties in Martinsville, IN start at $75,000, averaging $1,511,233, and reaching up to $6,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 32K

Population Growth (5Y) +1.7%

Median Household Income $77,724

College Educated 26.4%

High-Yield Neighborhoods for Investment

Identify Martinsville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Monrovia	$500K
Martinsville	$1.6M

Taxes & Financing

Tax Rate (average for all types) 1.52%

Property Tax per SF $25.34 per SF

Tax Rate vs County Average 0.40 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Morgan County

New Delisted

Total CRE Inventory on Market (SF)

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