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Brick Office Building with Parking
For Sale
$369,797

1209 E Morgan Street, Martinsville, IN 46151

SINGLE_FAMILY - Martinsville, IN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market770

Property Features for 1209 E Morgan Street

General Information

Property type Residential
Property subtype Office
Zoning B-2
Elementary school district MSD Martinsville Schools
Middle school district MSD Martinsville Schools
High school district MSD Martinsville Schools
Directions GPS Friendly
Subdivision 5512 - Morgan - Washington
Standard status Active
APN 550934370006000021
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description S34 T12 R1e Pt W Sw 150' X 116' .40 A Exc 16' N Side.
Legal Description S34 T12 R1e Pt W Sw 150' X 116' .40 A Exc 16' N Side.

Utilities

Utilities Cable Available
Cooling system Central Air

Building Details

Year built 1978
Listing Agency: Advisor, REALTORS(R)
Listed By: Douglas Daniel · License #RB14032037
Added: Jul 1, 2024 Changed: Jun 16 Last Checked: Aug 9 at 9:06PM
MLS# 21988240

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.

Former Farm Credit office building with a brick exterior and paved parking. The interior includes a conference room, a large open flex room, seven private offices, two bathrooms, and a full kitchen. Several walls are temporary and may be removed to create larger office and workspace configurations. A spacious attic is included and could be converted or expanded to add more usable space.

The property is zoned B-2 and features four entries/exits for access and circulation. Immediate occupancy is available.

With its combination of private offices, open flex area, and conversion flexibility, the layout supports a range of office use configurations under the current zoning.

Key Highlights

  • Former Farm Credit building with brick exterior and paved parking
  • Interior includes conference room, large open flex room, and full kitchen
  • 7 private offices plus 2 baths

Property Analytics

Current Use

Office buildings

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

567
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Former Farm Credit building offers private offices, open flex space, and paved parking with multiple entrances and exits.
Where is this office building located?
The property is located at 1209 E Morgan Street 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: Former Farm Credit building with brick exterior and paved parking; Interior includes conference room, large open flex room, and full kitchen; 7 private offices plus 2 baths
More about this property
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