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    1209 E Morgan St Martinsville, IN 46151

    For Sale
    $373,797

    Office - Martinsville, IN

    Type:Office
    Property size:
    2,000 SF
    Lot size:
    0.40 Acres
    Days on Market:
    151
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 1209 E Morgan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    B-2
    APN
    550934370006000021
    Size
    2,000 SF
    Lot size
    0.40 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Architectural style
    Other

    Advisor Realtors (765) 342-7777 [email protected]

    Listing agent Douglas Daniel (765) 342-7777 License #RB14032037

    Listing date Jul 9, 2025

    MLS# 21988240 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Martinsville Office Building For Sale

    This former Farm Credit building in Martinsville, Indiana, presents a rare opportunity. The property features a brick exterior and paved parking. It includes four entries/exits, a conference room, a large open flex room, seven private offices, two bathrooms, and a full kitchen. Several walls are temporary and can be easily removed to create larger offices and workspaces. A spacious attic offers potential for conversion or expansion to increase usable square footage. The building has a total living area of 2000 square feet and is situated on a 0.4-acre lot. Immediate occupancy is available. The property is zoned B-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.414139
    Latitude
    39.427632

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    FAQs

    What type of property is this?
    Office building - Former Farm Credit building with flexible layout and immediate occupancy.
    Where is this office building located?
    The property is located at 1209 E Morgan St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $373,797.
    What are key features of this property?
    This property features: - Immediate occupancy available.; - **Large open flex room and 7 private offices.**; - Brick exterior and paved parking.
    (765) 342-7777
    Request Owner's contact information
    1209 E Morgan St Martinsville, IN 46151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1209 E Morgan St Martinsville, IN 46151
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