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Martinsville Walgreens For Sale
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25 Bills Blvd, Martinsville, IN

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

Property Size14,525 SF
Lot Size2.18 Acres
Price / SF$185.89
Days on Market267

Property Features for 25 Bills Blvd

General Information

Standard status Active
Size 14,525 SF
Lot size 2.18 Acres
Property subtype RETAIL
Listing Agency: F.C. Tucker/Bloomington, REALTORS
Listed By: Chris Cockerham · License #RB14027897
Source: Moodyscre
Added: Nov 24, 2025 Changed: Jul 6 Last Checked: Aug 18 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 F.C. Tucker/Bloomington, REALTORS

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • Leased to Walgreens (14,525 SF)
  • Absolute Net Lease
  • 11.43% CAP Rate**

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Building Supply

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

296
Businesses Nearby
174k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 34% Shops & Services 24% Groceries 19% Home Improvements & Furnishings 17%
Kroger Groceries
32,400 visits/mo 0.3 miles
Rural King Home Improvements & Furnishings
28,439 visits/mo 0.2 miles
Circle K Shops & Services
28,246 visits/mo 0.2 miles
Culver's Dining
21,138 visits/mo 0.4 miles
Wendy's Dining
18,755 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Walgreens Pharmacy 25 Bill's Blvd, Martinsville, IN 46151
  • Terry Vanwinkle 1900 S Ohio St, Martinsville, IN 461513322
  • Chasity Anderson 1900 S Ohio St, Martinsville, IN 461513322
  • COVID-19 Drive-Thru Testing at Walgreens 1900 S Ohio St, Martinsville, IN 46151
  • Kathryn Resler 1900 S Ohio St, Martinsville, IN 461513322

Frequently Asked Questions

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 Call to check price and availability
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