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Retail Space with Highway Visibility
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200 Flagstone Dr, Martinsville, IN 46151

Renovated commercial building positioned near major retailers, restaurants, a Walmart Supercenter, and Martinsville High School.

Space Size2,500 SF
Days on Market54

Property Features for 200 Flagstone Dr

General Information

Standard status Active
Size 2,500 SF
Net Rentable 2,500 SF
Total Parking Spaces 15
Property subtype RETAIL

Space & Availability

Available Space 2,500 SF
Contiguous Space 2,500 SF

Site & Location

Anchor Co-Tenants Walmart Supercenter
Highway Access Yes

Building Details

Year Renovated 2026
Building Size 2,500 SF

Spaces For Lease

at 200 Flagstone Dr
200 Flagstone Dr AVAILABLE, Now
Floor 1
Size 2,500 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- 2,500 SF building with 15 parking spaces (room to add more) - New ownership completed extensive property renovations (summer 2026) - Ideal for retail, restaurant, medical, or office - Premier visibility to I-69 (38,398 VPD) & Grand Valley Blvd. (6,052 VPD) with connectivity to two different I-69 interchanges - Anchored by Walmart Supercenter and surrounded by major retailers and restaurants - Across from Martinsville High School (+/- 1,500 students) - Martinsville is county seat of Morgan County (population 74,967), situated between Indianapolis & Bloomington
Contact us
Listing Agency: Veritas Realty
Listed By: Jamison J. Downs · License #RB14049042
Source: Moodyscre
Added: Aug 24 Changed: Oct 12 Last Checked: Oct 16 at 7:04AM

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 Veritas Realty

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Investment Insights

Based on property information with market context.

This 2,500-square-foot retail building offers 15 parking spaces, with room for additional parking. Extensive renovations by new ownership are identified for summer 2026. The property can accommodate retail, restaurant, medical, or office use.

The site fronts I-69 with reported traffic of 38,398 VPD and Grand Valley Blvd. with 6,052 VPD, along with connectivity to two I-69 interchanges. A Walmart Supercenter anchors the surrounding retail area, which also includes major retailers and restaurants. Martinsville High School is directly across the street and has approximately 1,500 students. The property is located in Martinsville, the county seat of Morgan County, between Indianapolis and Bloomington.

Key Highlights

  • 2,500 SF retail building with 15 parking spaces and room to add more
  • Extensive property renovations completed by new ownership in summer 2026
  • I‑69 visibility with 38,398 VPD and Grand Valley Blvd. traffic of 6,052 VPD

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Hair Salon Big Box & Wholesale Store Auto Repair Shop Restaurant Real Estate Agency

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

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

189
Businesses Nearby
114k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 54% Dining 26% Shops & Services 16% Apparel 2%
Walmart Superstores
61,055 visits/mo 0.3 miles
Dollar Tree Shops & Services
11,803 visits/mo 0.3 miles
Chili's Grill & Bar Dining
11,744 visits/mo 0.2 miles
Arby's Dining
10,238 visits/mo 0.1 miles
Wings Etc. Dining
7,283 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Renovated commercial building positioned near major retailers, restaurants, a Walmart Supercenter, and Martinsville High School.
Where is this retail space located?
The property is located at 200 Flagstone Dr Martinsville, IN.
What are key features of this property?
This property features: 2,500 SF retail building with 15 parking spaces and room to add more; Extensive property renovations completed by new ownership in summer 2026; I‑69 visibility with 38,398 VPD and Grand Valley Blvd. traffic of 6,052 VPD
(317) 472-1800 Call to check price and availability
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