Mixed-Zoned Land for
4440 State Road 37 N Martinsville, IN 46151
For Sale
$6,800,000
LAND - Martinsville, IN
Lot Size29.87 Acres
Days on Market163
Property Features for 4440 State Road 37 N
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Agricultural, B2, B3
- Standard status
- Active
- APN
- 551007200002001009
- Lot size
- 29.87 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S7 T12 R2e Pt Se 3.101 A & S7 T12 R2E PT NE & PT SE 26.669A
Listing Agency:
CENTURY 21 Scheetz
(317) 881-2100
Listed By:
Mark Linder · License #RB14044403
(317) 844-5111
Added: Feb 13
Changed: Jun 16
Last Checked: Jul 26 at 3:06PM
MLS# 22082997
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
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
