489 E Walnut Street, Martinsville, IN 46151
- Added:
- Jun 23, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 26 at 10:06 pm
Property Features for 489 E Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- commercial
- Parking features
- On Street
- Standard status
- Active
- APN
- 551304241003000021
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 17 Clappers Addn
Building Details
- Year built
- 1935
Listing agent Danielle Stiles License #RB18000499 (317) 900-6015
Listing office The Modglin Group W Morgan St 159, Greenwood, IN (317) 865-9400
Listing date Jun 23, 2026
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.
HighLights
- Historic commercial building built in 1935
- Over 10,000 sq ft of potential on a 0.22‑acre corner lot in Downtown Martinsville
- R2 zoning (buyer to verify permitted uses)
- Street parking available
- Utilities are available in the area but not currently connected; property offered AS‑IS
- Buyer to handle required clean out and all governmental approvals (including redevelopment verification)
Overview
The site is located at 489 E Walnut Street in Martinsville, Indiana, described in the listing as being just a short walk from downtown Martinsville. The property is also described with zoning parameters that include commercial zoning and R2 zoning in the remarks. An open house is scheduled for Wednesday, June 24, from 6:00 PM to 8:00 PM.
This asset may fit buyers looking to preserve and convert a landmark structure into a new use, subject to governmental approvals. The listing specifically notes potential for church or community space, and also references residential, duplex, or other uses subject to verification. Because zoning, permitted uses, utilities, redevelopment requirements, clean-out, and all governmental approvals are the buyer’s responsibility, due diligence is essential prior to making plans or underwriting timelines. Highest and best offers are planned to be accepted through July 10, 2026.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Martinsville
- County
- Morgan
- State
- Indiana
- Longitude
- -86.422655
- Latitude
- 39.423782