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    9-13 Jefferson St Martinsville, IN 46151

    For Sale
    $615,000

    Historic Building, Endless Potential, Prime Location

    Property size:
    19,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 9-13 N Jefferson Street in the heart of downtown Martinsville, Indiana, offers a unique investment opportunity. Spanning 19,150 square feet on a 0.17-acre lot, this historic building presents a wealth of possibilities for a discerning buyer. Originally a five-and-dime store, the property retains much of its original charm, including a nostalgic soda counter. While some cosmetic updates are recommended, the building boasts a significant recent improvement: a brand-new roof installed within the last year. The expansive interior space is ideal for a variety of commercial ventures, from retail establishments and trendy restaurants to unique event venues. Its prime location on the east side of the bustling downtown square ensures high visibility and foot traffic. The asking price for this remarkable property is $615,000. This is a rare chance to acquire a piece of Martinsville history and transform it into a thriving business. Don't miss this opportunity to own a landmark building in a vibrant and growing community.

    Property Features for 9-13 Jefferson St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    19,150 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1900
    Property Profile 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
    -86.42696
    Latitude
    39.42707

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Building, Endless Potential, Prime Location
    Where is this mixed-use property located?
    The property is located at 9-13 Jefferson St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $615,000.
    (765) 342-5500
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    9-13 Jefferson 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
    9-13 Jefferson St Martinsville, IN 46151
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