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    308 N Morrison St Morristown, IN 46161

    For Sale
    $695,000

    Mixed Use - Morristown, IN

    Type:Mixed Use
    Property size:
    10,390 SF
    Lot size:
    0.88 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 308 N Morrison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    Commercial
    APN
    730312400012000008
    Parking features
    Carport, Garage, Workshop
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    10,390 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Wall Furnace
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    2007
    Roof type
    Metal
    Architectural style
    Other

    HIGH BARR Real Estate (317) 512-3767 [email protected]

    Listing agent Alicia Barr (317) 512-3767 License #RB14039674

    Listing date Oct 16, 2025

    MLS# 22048299 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

    Versatile Commercial Shop with Storage

    This commercial shop offers massive potential with 6,400 square feet of space, including an 800 square foot office and 3,990 square feet of storage space above. The property is situated on 0.88 acres with gravel parking. It features LED lights, compressed air, and a surveillance alarm system throughout the building. Multiple overhead doors with openers provide access. Heating is provided by a combination of forced air gas furnaces and resinor heaters. The shop area is equipped with 440 electric power. The property also includes main level living quarters, a 26x30 carport, and two sheds at the back of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Pharmacy Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.694362
    Latitude
    39.675138

    Nearby Similar for Sale

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      Manufacturing building with expansion land and proximity to interstates.
      500 N Range Line Rd, Morristown, IN 46161
      View Details
    • Contact for pricing
      151,224 SF

      Morristown Industrial Property

      151,224 SF Warehouse, Owner/User
      500 Range Line Rd, Morristown, IN 46161
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6,400 SF commercial shop with office and storage on 0.88 acres.
    Where is this warehouse located?
    The property is located at 308 N Morrison St Morristown, IN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - 6,400 sq ft commercial shop with 800 sq ft office and 3,990 sq ft storage space.; - 3.38 acres of land with nearly all solid gravel parking.; - Multiple overhead doors with openers and 4 potential bays.
    (317) 512-3767
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    Morristown, IN 46161
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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
    308 N Morrison St Morristown, IN 46161
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