4440 State Road 37 N, Martinsville, IN 46151

Listing agent Mark Linder License #RB14044403 Show Phone

Listing office CENTURY 21 Scheetz i***@c21scheetz.com Olive Branch Parke Ln Ste A 1533, Indianapolis, IN Show Phone

Listing date Feb 13, 2026

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MLS# 22082997 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This offering consists of commercial and agricultural land totaling 29.87 acres. The property is described as one parcel with B2 zoning and a second parcel with B3 zoning on the front, while the rear portion is designated Agricultural. The rear of the land backs up to the White River.

The site is located in Morgan County, Indiana. Public remarks also note that electrical utilities are on site and that other utilities are near the location. The seller indicates the property may be divided to provide approximately 10 acres from the front, and references a related listing for that split.

Given the mix of B2 and B3 frontage zoning with agricultural zoning extending toward the rear, this tract may suit a range of development concepts that can utilize the different zoning designations across the property. Morgan County incentives are mentioned in the public remarks, including TIF-related funds and abatement programs, which may be relevant for qualified projects. Buyers should review zoning, available utilities, and the feasibility of the proposed division with the appropriate local authorities.

Suggested Use

Restaurant Building Supply Big Box & Wholesale Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Martinsville

County

Morgan

State

Indiana

Longitude

-86.350988

Latitude

39.492618

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FAQs

What type of property is this?

Commercial land - Near the White River with B2 and B3 zoning, plus agricultural zoning on part of the site.

Where is this commercial land located?

The property is located at 4440 State Road 37 N Martinsville, IN.

What is the asking price?

The asking price for this property is $6,800,000.

What are key features of this property?

This property features: 30‑acre site in Morgan County with TIF funds, abatements, and additional incentives available through Morgan County; Approximately 30‑minute drive to downtown Indianapolis and about 25 minutes to Indianapolis International Airport; About 15 minutes to I‑465, and approximately 30‑minute commute to Bloomington, Indiana