Walgreens Retail
For Sale
$2,700,000
25 Bills Boulevard, Martinsville, IN 46151
MULTI_FAMILY - Martinsville, IN
Property Size14,525 SF
Lot Size2.12 Acres
Price / SF$185.89
Days on Market160
Property Features for 25 Bills Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Business
Parking
20
Lot features
City/ Town/ Suburb, Corner
Elementary school
South
Middle school
Bell Academy/John R Wooden
High school
Martinsville
Elementary school district
MSD of Martinsville
Middle school district
MSD of Martinsville
High school district
MSD of Martinsville
Directions
Take Exit 138 in Martinsville IN. Then Head north ON S. Ohio St. Then, turn Left onto Ruth Rusie Ln, Take another left onto Bobby Helms Blvd. and property will be straight ahead. GPS Friendly!
Subdivision
Morgan County
Standard status
Active
APN
55-13-09-255-002.000-021
Size
14,525 SF
Lot size
2.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S9 T11 R1E W NE 2.134 A LOT 1 WALGREENS MINOR PLAT
Legal Description
S9 T11 R1E W NE 2.134 A LOT 1 WALGREENS MINOR PLAT
Utilities
Cooling system
Central Air
Building Details
Year built
2003
Floors in Building
1
Number of units
1
Flooring type
Tile - Ceramic
Architectural style
Other
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Added: Mar 12
Changed: Jul 6
Last Checked: Aug 18 at 11:06PM
MLS# 202608061
Copyright © 2026 Indiana Uplands Realtor® Association. 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.
This offering features a single-tenant Walgreens drug store totaling 14,525 square feet on a 2.123-acre lot. The property is presented for sale as an operating retail asset.
The site is located directly off I-69 in Martinsville, Indiana, with the public remarks noting approximately 20 minutes north to Indianapolis and 20 minutes south to Bloomington. The property is offered as part of the Opportunity Zone designation.
For buyers evaluating a stable, net-lease-style retail option, this Walgreens provides a straightforward single-tenant configuration. The seller is offering the property at a stated 11.43% cap rate, and the Opportunity Zone status may be relevant for investors considering that structure for potential tax-related benefits. The asset’s location along I-69 also supports convenient regional access for day-to-day retail operations.
The site is located directly off I-69 in Martinsville, Indiana, with the public remarks noting approximately 20 minutes north to Indianapolis and 20 minutes south to Bloomington. The property is offered as part of the Opportunity Zone designation.
For buyers evaluating a stable, net-lease-style retail option, this Walgreens provides a straightforward single-tenant configuration. The seller is offering the property at a stated 11.43% cap rate, and the Opportunity Zone status may be relevant for investors considering that structure for potential tax-related benefits. The asset’s location along I-69 also supports convenient regional access for day-to-day retail operations.
Key Highlights
- 14,525 SF Walgreens for sale at 1900 S Ohio Street, Martinsville, IN
- 11.43% CAP rate (per listing remarks)
- Central Air and ceramic tile flooring
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
174k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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 Retail in Midwest region
Questions? Ask 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 - Single-tenant Walgreens retail building directly off I-69, located in an Opportunity Zone.
Where is this drug store located?
The property is located at 25 Bills Boulevard 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: 14,525 SF Walgreens for sale at 1900 S Ohio Street, Martinsville, IN; 11.43% CAP rate (per listing remarks); Central Air and ceramic tile flooring
