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Martinsville, IN

Hotel

Martinsville, IN Hotels for Sale

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Monrovia, IN Mooresville, IN Brooklyn, IN Paragon, IN Quincy, IN Gosport, IN Bloomington, IN Clayton, IN

Renovated Holiday Inn Express Hotel

Updated: Apr 11

Renovated Holiday Inn Express Hotel

2233 Burton Ln, Martinsville, IN 46151

Contact for pricing

1.82 AC lot

Holiday Inn Express & Suites Martinsville‑Bloomington Area (IHG), 2233 Burton Lane, Martinsville, IN 46151
Three‑story, 66‑room interior‑corridor hotel built in 2005, set on a 1.82‑acre parcel (fee simple, unencumbered by management/debt)
Fully renovated under IHG Formula Blue 2.0 PIP (completed by current ownership from 2020–2022) with rentable rooms
Capital expenditures of $1,670,000 (+/- $25,000 per key) over prior three years, including exterior lighting, common areas, and lobby/meeting space updates
Guest room renovation includes new furniture, carpets, beds/mattresses/linens, lighting, TVs, and window treatments

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 1 Active listings in Martinsville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Modern Hotel Near Crane Base

Modern Hotel Near Crane Base

7834 Progress Way, Newberry, IN 47449

$6,500,000

6.10 AC lot

72-room hotel near Interstate 69 and Crane Naval Base.

Modern 72-Room Hotel

Modern 72-Room Hotel

7834 Progress Way, Newberry, IN 47449

$6,500,000

6.10 AC lot

Modern hotel with central air and multiple room brands, opened in late 2019.

67-Unit Interior Corridor Hotel

67-Unit Interior Corridor Hotel

7050 East 21st St, Indianapolis, IN 46219

Contact for pricing

Two-story 67-unit hotel with an interior corridor layout and existing manager’s quarters.

Redeveloped Aloft Hotel Project

Redeveloped Aloft Hotel Project

136 E Market St, Indianapolis, IN 46204

Contact for pricing

Nearly complete Aloft by Marriott redevelopment of a historic office building in downtown Indianapolis, with Opportunity Zone benefits.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Zoned Highway Business Development Land

Zoned Highway Business Development Land

9377 S STATE ROAD 39, Mooresville, IN 46158

$3,400,000

9.34 AC lot

9.34-acre commercial parcel zoned Highway Business (HB) for flexible, retail- and service-oriented development in Mooresville.

Commercial Land Parcel

Commercial Land Parcel

3480 W Runkle Way, Bloomington, IN 47404

$595,000

2.39 AC lot

Commercial site just off Gates Drive, adjacent to LaQuinta Suites and Fresh Thyme Market, with easy access to major roads.

Hotel with Indoor Swimming Pool

Hotel with Indoor Swimming Pool

9530 W State Rd 56, French Lick, IN 47432

$4,600,000

2.91 AC lot

80-room Comfort Suites hotel with a recently completed major property improvement program and new roof and gutters.

Commercial Development Land Off-Ramp

Commercial Development Land Off-Ramp

Lot 6 Gateway Crossing, Washington, IN 47501

$354,900

1.82 AC lot

Highly visible commercial land parcel with utilities in place near a major interstate interchange.

Off-Market Properties in Martinsville, IN

Consider similar Off-Market properties in Martinsville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

2233 Burton Ln

HOTEL/MOTEL

2233 Burton Ln, Martinsville, IN 46151-9405

$3,880,000

Estimated value

41,364 sqft 1.82 AC lot

2290 Burton Ln

HOTEL/MOTEL

2290 Burton Ln, Martinsville, IN 46151-9286

Value Estimation by Request

2,016 sqft 4.15 AC lot

50 Bills Blvd

HOTEL/MOTEL

50 Bills Blvd, Martinsville, IN 46151-3353

$980,000

Estimated value

25,816 sqft 1.95 AC lot

602 State Rd 67th N

HOTEL/MOTEL

602 State Rd 67th N, Martinsville, IN 46151-7839

Value Estimation by Request

8,293 sqft 1.80 AC lot

240 Jefferson St, Unit 1

HOTEL/MOTEL

240 Jefferson St, Martinsville, IN 46151-1184

Unit 1

Value Estimation by Request

8,259 sqft 0.22 AC lot

55 Bills Blvd

HOTEL/MOTEL

55 Bills Blvd, Martinsville, IN 46151-3354

$1,220,000

Estimated value

23,344 sqft 1.92 AC lot

128 Main St

HOTEL/MOTEL

128 Main St, Martinsville, IN 46151-1595

$560,000

Estimated value

5,148 sqft 0.27 AC lot

308 Rogers Rd

HOTEL/MOTEL

308 Rogers Rd, Martinsville, IN 46151-3254

Value Estimation by Request

6,500 sqft 0.60 AC lot

6675 Red Day Rd

HOTEL/MOTEL

6675 Red Day Rd, Martinsville, IN 46151-6632

Value Estimation by Request

1,800 sqft 40.00 AC lot

2085 Maple Turn Rd

HOTEL/MOTEL

2085 Maple Turn Rd, Martinsville, IN 46151-7424

Value Estimation by Request

6,096 sqft 4.10 AC lot

1695 Lincoln Hl Rd

HOTEL/MOTEL

1695 Lincoln Hl Rd, Martinsville, IN 46151

Value Estimation by Request

2,580 sqft 4.87 AC lot

1010 Josephine St

HOTEL/MOTEL

1010 Josephine St, Martinsville, IN 46151-2747

Value Estimation by Request

7,032 sqft 1.71 AC lot

147 Jefferson St

HOTEL/MOTEL

147 Jefferson St, Martinsville, IN 46151-1516

Value Estimation by Request

625 sqft 0.02 AC lot

5641 Bryants Crk Rd

HOTEL/MOTEL

5641 Bryants Crk Rd, Martinsville, IN 46151-9327

Value Estimation by Request

660 sqft 50.17 AC lot

1369 Blue Blf Rd

HOTEL/MOTEL

1369 Blue Blf Rd, Martinsville, IN 46151-7450

Value Estimation by Request

4,670 sqft 1.69 AC lot

1586 Highland Lks Baptist S

HOTEL/MOTEL

1586 Highland Lks Baptist S, Martinsville, IN 46151

Value Estimation by Request

1,512 sqft 55.98 AC lot

Martinsville, IN Hotels Market Trends and Statistics

Explore 17 hotels for sale in Martinsville, IN on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 32K

Population Growth (5Y) +1.7%

Median Household Income $77,724

College Educated 26.4%

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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