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Flex Space with Storage
For Sale
$690,000

308 N Morrison St, Morristown, IN 46161

Maintained flex property combines shop, office, storage, and on-site support improvements.

Property Size10,390 SF
Price / SF$66.41
Days on Market28

Property Features for 308 N Morrison St

General Information

Standard status Active
Size 10,390 SF

Building Details

Year Built 2007
Listing Agency: HIGH BARR Real Estate, LLC
Listed By: Alicia Barr
Source: Megandusing
Added: Aug 3 Changed: Aug 29 Last Checked: Aug 25 at 5:08AM

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 HIGH BARR Real Estate, LLC

Investment Insights

Based on property information with market context.

This 10,390-square-foot flex property, built in 2007, includes a 6,400-square-foot commercial shop, an 800-square-foot office, and 3,990 square feet of elevated storage. The shop is configured for up to four bays and includes multiple overhead doors with openers, LED lighting, compressed air, 440 electric service, and a building-wide surveillance alarm system. Heating combines forced-air gas furnaces with Reznor heaters, while the main level also provides living quarters.

The property at 308 N Morrison St in Morristown occupies 3.38 acres with predominantly solid gravel parking. Exterior improvements include a 26-by-30-foot carport, two 40-foot connex storage units, and two sheds positioned behind the building. These improvements provide substantial enclosed and outdoor storage capacity within a single flex-oriented property.

Key Highlights

  • 6,400‑square‑foot commercial shop with an 800‑square‑foot office
  • 3,990 square feet of additional storage above the main level
  • 3.38‑acre property with predominantly solid gravel parking

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Plumbing Service Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pharmacy

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

99
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46161, IN

2,576
Population
974
Households
2.6
Avg Household Size
43
Median Age
19%
College-Educated
92%
High-School Grad
34.3 sq mi
ZIP Area
75
Density / Sq Mi
$70,337
Median Household Income
$38,944
Median Earnings
$959
Median Rent
$206,700
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Maintained flex property combines shop, office, storage, and on-site support improvements.
Where is this flex space located?
The property is located at 308 N Morrison St Morristown, IN.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 6,400‑square‑foot commercial shop with an 800‑square‑foot office; 3,990 square feet of additional storage above the main level; 3.38‑acre property with predominantly solid gravel parking
More about this property
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