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    25 Bills Blvd Martinsville, IN 46151

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    For Sale
    $2,700,000

    14,525 SF Walgreens located in Martinsville, Indiana for sale.

    Property size:
    14,525 SF
    Lot size:
    2.18 Acres

    Property Features for 25 Bills Blvd

    General Information

    Size
    14,525 SF
    Lot size
    2.18 Acres

    Source: F.C. Tucker/Bloomington, REALTORS Agent Chris Cockerham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Martinsville Walgreens For Sale

    The 14,525 SF Walgreens property is located at 1900 S Ohio Street in Martinsville, IN. The current lease is an Absolute Net with an expiration date of September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. The property is located directly off HWY I-69, 20 minutes north of Indianapolis and 20 minutes south of Bloomington. Note that the former address was 1900 S Ohio St, Martinsville, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Similar Places Nearby

    Walgreens Pharmacy, Terry Vanwinkle, Chasity Anderson, COVID-19 Drive-Thru Testing at Walgreens, Kathryn Resler

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4257006
    Latitude
    39.4084389

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    FAQs

    What type of property is this?
    Drug store - 14,525 SF Walgreens located in Martinsville, Indiana for sale.
    Where is this drug store located?
    The property is located at 25 Bills Blvd Martinsville, IN.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Leased to Walgreens (14,525 SF); - Absolute Net Lease; - **11.43% CAP Rate**
    (812) 340-3083
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    25 Bills Blvd 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
    25 Bills Blvd Martinsville, IN 46151
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