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    160 Morgan St Martinsville, IN 46151

    For Sale
    $675,000

    High-visibility, spacious commercial building. Prime location, excellent investment.

    Property size:
    9,968 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional mixed-use property, situated at 160 E Morgan Street in the heart of Martinsville, Indiana, presents a compelling investment opportunity. The building encompasses 9,968 square feet, offering substantial space adaptable to a variety of commercial ventures. Its prime downtown location ensures high visibility and convenient accessibility for customers and employees alike. The property's strategic placement makes it ideally suited for retail businesses, office spaces, or a dynamic mixed-use development. The 0.14-acre lot provides ample space for potential expansion or outdoor amenities. The asking price of $675,000 reflects the significant value and potential return on investment this property offers. This is a rare chance to acquire a substantial commercial building in a thriving Indiana community. The property's size and location combine to create a unique opportunity for entrepreneurs and investors seeking a strong foothold in the Martinsville market. Don't miss this chance to secure a prominent presence in a vibrant downtown area. The building's versatility allows for creative adaptation to suit a wide range of business needs, making it an attractive proposition for diverse commercial enterprises.

    Property Features for 160 Morgan St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,968 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1912
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.42652
    Latitude
    39.42813

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility, spacious commercial building. Prime location, excellent investment.
    Where is this mixed-use property located?
    The property is located at 160 Morgan St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $675,000.
    (317) 804-1795
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    160 Morgan St 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
    160 Morgan St Martinsville, IN 46151
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