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    316 Wood St Morristown, IN 46161

    For Sale
    $440,000

    Industrial - Morristown, IN

    Type:Industrial
    Property size:
    5,160 SF
    Lot size:
    8.81 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 316 Wood St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    I-1 Light Industrial
    APN
    730407300016000008
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    5,160 SF
    Lot size
    8.81 Acres

    Building Details

    Year built
    1981
    Roof type
    Shingle
    Architectural style
    Other

    Highgarden Real Estate (317) 280-4663 [email protected]

    Listing agent Albert Stancato (317) 205-4320 License #RB16000255

    Listing date Nov 14, 2025

    MLS# 22073011 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

    Morristown Industrial Land For Sale

    This industrial property features 383,764 square feet (8.81 acres) of industrial land, including a 5,160 square foot building. The building has a new roof. The property is located 15.2 miles from Interstate 70 and 14.1 miles from I-74. The City of Morristown will consider this property as a trucking terminal, subject to filing a variance and paving all parking surfaces with asphalt or concrete. The zoning is I-1 Light Industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath Department Store HVAC Service Wine and Liquor Store Plumbing Service Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.682583
    Latitude
    39.673749

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    FAQs

    What type of property is this?
    Industrial land - 8.81 acres of industrial land with a 5,160 SF building.
    Where is this industrial land located?
    The property is located at 316 Wood St Morristown, IN.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Large Industrial Land: 8.81 acres of opportunity; - Proximity to Interstates: Easy access, 15.2 miles from I-70 & 14.1 miles from I-74; - Existing Building: Includes a 5160 sq ft building
    (317) 205-4320
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    316 Wood St 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
    316 Wood St Morristown, IN 46161
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