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Former Farm Credit Building For Sale
For Sale
$369,797

1209 E Morgan St, Martinsville, IN 46151

Brick building with flexible layout, offices, and kitchen.

Property Size2,116 SF
Price / SF$174.76
Days on Market205

Property Features for 1209 E Morgan St

General Information

Standard status Active
Size 2,116 SF

Building Details

Year Built 1978
Listing Agency: Advisor, REALTORS
Listed By: Douglas Daniel · License #RB14032037
Source: Megandusing
Added: Mar 26 Changed: Oct 12 Last Checked: Oct 7 at 2:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advisor, REALTORS

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Investment Insights

Based on property information with market context.

This former Farm Credit building, available for the first time on the open market, features a brick exterior and paved parking. The property includes four entries/exits, a conference room, and a large open flex room. It also contains seven private offices, two bathrooms, and a full kitchen. Several walls are temporary and can be easily removed to create larger offices and workspaces. A spacious attic offers potential for conversion or expansion to increase usable square footage. The property is suitable for commercial real estate use. Leases are also considered.

Key Highlights

  • Rare opportunity: First time on the open market.
  • Flexible layout: Removable walls allow for customization of office and workspace.
  • Multiple access points: Four entries/exits for convenient access.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Nail Salon Hair Salon Big Box & Wholesale Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362
Businesses Nearby

Demographics for 46151, IN

32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office units - Brick building with flexible layout, offices, and kitchen.
Where is this office units located?
The property is located at 1209 E Morgan St Martinsville, IN.
What is the asking price?
The asking price for this property is $369,797.
What are key features of this property?
This property features: Rare opportunity: First time on the open market.; Flexible layout: Removable walls allow for customization of office and workspace.; Multiple access points: Four entries/exits for convenient access.
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