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Mixed-Zoned Land for Development

4440 State Road 37 N Martinsville, IN 46151

4440 State Road 37 N, Martinsville, IN, 46151
$6,800,000
For Sale
Claim this Listing
$6,800,000

LAND - Martinsville, IN

Lot Size29.87 Acres
AddedFeb 13
Days on Market153
Last RefreshJul 16 at 4:06 am

Property Features for 4440 State Road 37 N

General Information

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

Taxes and HOA fees

Tax Year
2024
Tax Description
S7 T12 R2e Pt Se 3.101 A & S7 T12 R2E PT NE & PT SE 26.669A

Listing agent Mark Linder License #RB14044403

Listing office CENTURY 21 Scheetz Olive Branch Parke Ln Ste A 1533, Indianapolis, IN

Listing date Feb 13, 2026

MLS# 22082997 Listing URL

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This offering consists of commercial and agricultural land totaling 29.87 acres. The property is described as one parcel with B2 zoning and a second parcel with B3 zoning on the front, while the rear portion is designated Agricultural. The rear of the land backs up to the White River.

The site is located in Morgan County, Indiana. Public remarks also note that electrical utilities are on site and that other utilities are near the location. The seller indicates the property may be divided to provide approximately 10 acres from the front, and references a related listing for that split.

Given the mix of B2 and B3 frontage zoning with agricultural zoning extending toward the rear, this tract may suit a range of development concepts that can utilize the different zoning designations across the property. Morgan County incentives are mentioned in the public remarks, including TIF-related funds and abatement programs, which may be relevant for qualified projects. Buyers should review zoning, available utilities, and the feasibility of the proposed division with the appropriate local authorities.

Key Highlights

  • 30‑acre site in Morgan County with TIF funds, abatements, and additional incentives available through Morgan County
  • Approximately 30‑minute drive to downtown Indianapolis and about 25 minutes to Indianapolis International Airport
  • About 15 minutes to I‑465, and approximately 30‑minute commute to Bloomington, Indiana

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Building Supply Big Box & Wholesale Store Daycare Center Restaurant

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

FAQs

What type of property is this?
Commercial land - Near the White River with B2 and B3 zoning, plus agricultural zoning on part of the site.
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 $6,800,000.
What are key features of this property?
This property features: 30‑acre site in Morgan County with TIF funds, abatements, and additional incentives available through Morgan County; Approximately 30‑minute drive to downtown Indianapolis and about 25 minutes to Indianapolis International Airport; About 15 minutes to I‑465, and approximately 30‑minute commute to Bloomington, Indiana
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