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    124-128 E Morgan St Martinsville, IN 46151

    For Sale
    $745,000

    Retail - Martinsville, IN

    Type:Retail
    Property size:
    11,922 SF
    Lot size:
    0.14 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 124-128 E Morgan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    B-2
    APN
    550933463007000021
    Size
    11,922 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Architectural style
    Other

    Indy Metro Northeast dba Keller Williams Realty (317) 564-7100 [email protected]

    Listing agent Sharon Stamper Thompson (317) 564-7100 License #RB14044406

    Listing date Oct 2, 2025

    MLS# 22065702 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

    Downtown Martinsville Commercial Buildings For Sale

    Two adjoining brick commercial buildings are available in Martinsville's downtown courthouse square. The properties, formerly home to Royal Title and Artesian Books, are positioned next to the new Martinsville Venue, benefiting from excellent visibility and steady downtown foot traffic. Each historic building offers flexible space suitable for retail, office, co-working, or boutique service. The second floors are ready for future development. Recent updates include a brand new GAF Diamond roof scheduled for 2025. The property is located at 124-128 E Morgan Street, Martinsville, IN 46151, in Morgan County. The lot size is 0.14 acres. The property is zoned B-2. The total property size is 11,922 square feet. This presents an opportunity for owner-occupants, service providers, and investors to participate in the ongoing revitalization of Martinsville's historic courthouse square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.426934
    Latitude
    39.428129

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    FAQs

    What type of property is this?
    Retail space - Two adjoining buildings in downtown Martinsville, ideal for retail or office.
    Where is this retail space located?
    The property is located at 124-128 E Morgan St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: - Prime location in Martinsville's downtown courthouse square, next to the new Martinsville Venue, ensuring high visibility and foot traffic.; - Two adjoining historic brick buildings offering flexible space for retail, office, co-working, or boutique service.; - Recent 2025 brand new GAF Diamond roof.
    (317) 564-7100
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    124-128 E Morgan St Martinsville, IN 46151
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    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
    124-128 E Morgan St Martinsville, IN 46151
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