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    400 E Mahalasville Dr Martinsville, IN 46151

    For Lease
    $2,500 /Mo ($0.70 SF/Yr)

    Office - Martinsville, IN

    Type:Office
    Lot size:
    0.99 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 400 E Mahalasville Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1
    Bathrooms
    1
    Lot size
    0.99 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    CARPENTER REALTORS (317) 831-2599

    Listing agent BRANDON WARFIELD (317) 831-2599 License #RB14038234

    Listing date Dec 4, 2025

    MLS# 108133 Listing URL

    Copyright © 2025 Terre Haute Area Association of Realtors. 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/Industrial Building in Martinsville

    This commercial and industrial property offers a 5,000 sq ft building situated on a 0.99-acre lot. Located on the south end of Martinsville within Hikes Point, the property benefits from high visibility and excellent access to the new I-69 corridor. The building is divided into two distinct areas: 2,500 sq ft is configured as office or medical-ready space, featuring tall floor-to-ceiling windows and bright southern exposure. The remaining 2,500 sq ft provides an open manufacturing area equipped with 3-phase power. The location benefits from daily traffic counts estimated at over 32,000 vehicles. Parking is available for 16 or more vehicles. The property is suitable for an owner-user or investor seeking strong traffic exposure and flexible commercial use options. The seller is requesting a lease-back of the manufacturing portion of the building, which presents an opportunity for immediate occupancy income.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Auto Repair Shop Department Store Garden Center Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4578
    Latitude
    39.4615

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    FAQs

    What type of property is this?
    Office space - 5,000 sq ft building with office and manufacturing space.
    Where is this office space located?
    The property is located at 400 E Mahalasville Dr Martinsville, IN.
    What is the lease rate?
    The lease rate is $0.70 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on the south end of Martinsville within Hikes Point with 32,000+ daily traffic count.; - Excellent access and visibility to the new I-69 corridor.; - Versatile 5,000 sq ft building with **2,500 sq ft of office/medical-ready space** and 2,500 sq ft of open manufacturing area.
    (317) 831-2599
    Request Owner's contact information
    400 E Mahalasville Dr 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
    400 E Mahalasville Dr Martinsville, IN 46151
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