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Updated Commercial Building in Downtown
For Sale
$435,000

159 N Main St, Martinsville, IN 46151

Historic building with retail, office, and potential residential space.

Property SizeContact for details
Lot Size0.14 Acres
Days on Market490

Property Features for 159 N Main St

General Information

Standard status Active
Lot size 0.14 Acres
Listing Agency: Keller Williams Indy Metro Partners
Listed By: Michelle Chandler · License #RB14035890
Source: Exprealty
Added: Apr 21, 2025 Changed: Aug 20 Last Checked: Aug 22 at 10:19AM

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 Keller Williams Indy Metro Partners

Investment Insights

Based on property information with market context.

This updated commercial building is located on the north side of Main Street in downtown Martinsville. The property features a 42'x42' retail area with natural light from large, recently replaced front windows. Toward the back are two office or stockroom spaces and a 30x21 garage area with alley access suitable for deliveries or secure storage. Upstairs, with its own entrance, is a generous open space currently used for storage, but offering potential for apartments, studio space, or additional offices. The building is located near restaurants, boutiques, the historic theater, and the outdoor amphitheater. Public parking is readily available.

Key Highlights

  • Prime downtown Martinsville location on Main Street with readily available public parking.
  • Spacious 42'x42' retail area with recently replaced, energy‑efficient large front windows.**
  • Versatile upstairs open space with separate entrance, offering potential for apartments, studio, or offices.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Hair Salon Nail Salon Electrical Service Big Box & Wholesale Store Spa & Massage Center

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
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Frequently Asked Questions

What type of property is this?
Retail space - Historic building with retail, office, and potential residential space.
Where is this retail space located?
The property is located at 159 N Main St Martinsville, IN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Prime downtown Martinsville location on Main Street with readily available public parking.; Spacious 42'x42' retail area with recently replaced, energy‑efficient large front windows.**; Versatile upstairs open space with separate entrance, offering potential for apartments, studio, or offices.
More about this property
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