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    4440 State Road 37 N Martinsville, IN 46151

    For Sale
    $7,800,000

    Unimproved Land - Martinsville, IN

    Type:Unimproved Land
    Lot size:
    29.87 Acres
    Days on Market:
    116
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 4440 State Road 37 N

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    Agricultural, B2, B3
    APN
    551007200002001009
    Lot size
    29.87 Acres

    Building Details

    Architectural style
    Other

    CENTURY 21 Scheetz (317) 844-5111 [email protected]

    Listing agent Mark Linder (317) 844-5111 License #RB14044403

    Listing date Aug 21, 2025

    MLS# 22019668 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

    Prime Development Land Near I-69

    This nearly 30-acre property is located in Martinsville, Indiana, a 30-minute drive to downtown Indianapolis and Bloomington, and a 25-minute drive to the Indianapolis International Airport. It is also a 15-minute drive to I-465. The rear of the property borders the White River. The property has one parcel with B2 zoning and another with B3 zoning on the front, with the rear of that parcel zoned agricultural. Electrical utilities are on site, and other utilities are nearby. The property is located in a designated TIFF District. The seller is willing to divide approximately 10 acres from the front of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.351318
    Latitude
    39.491809

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    FAQs

    What type of property is this?
    Commercial land - Nearly 30 acres of prime development land in Martinsville, IN.
    Where is this commercial land located?
    The property is located at 4440 State Road 37 N Martinsville, IN.
    What is the asking price?
    The asking price for this property is $7,800,000.
    What are key features of this property?
    This property features: - Prime development land with B2 and B3 zoning in a designated TIFF District.; - Excellent location: Conveniently located with a 30-minute drive to downtown Indianapolis, 25 minutes to the airport, 15 minutes to I-465, and 30 minutes to Bloomington.; - **Property backs up to the White River, offering scenic views.**
    (317) 844-5111
    Request Owner's contact information
    4440 State Road 37 N 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
    4440 State Road 37 N Martinsville, IN 46151
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