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Former Farm Credit Building For Sale
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1209 E Morgan St, Martinsville, IN 46151

Brick building with flexible layout, offices, and kitchen.

Property Size2,100 SF
Price / SF$176.09
Days on Market792

Property Features for 1209 E Morgan St

General Information

Standard status Active
Size 2,100 SF
Property subtype Office, Retail, Special Purpose

Building Details

Year Built 1978
Listing Agency: Advisor Realtors
Listed By: Doug Daniel · License #IN RB14032037
Source: Crexi
Added: Jul 1, 2024 Changed: Jul 6 Last Checked: Aug 28 at 8:57PM

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 Advisor Realtors

Investment Insights

Based on property information with market context.

This former Farm Credit building, available for the first time on the open market, features a brick exterior and paved parking. The property includes four entries/exits, a conference room, and a large open flex room. It also contains seven private offices, two bathrooms, and a full kitchen. Several walls are temporary and can be easily removed to create larger offices and workspaces. A spacious attic offers potential for conversion or expansion to increase usable square footage. The property is suitable for commercial real estate use. Leases are also considered.

Key Highlights

  • Rare opportunity: First time on the open market.
  • Flexible layout: Removable walls allow for customization of office and workspace.
  • Multiple access points: Four entries/exits for convenient access.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Nail Salon Hair Salon Big Box & Wholesale Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

362
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Brick building with flexible layout, offices, and kitchen.
Where is this office units located?
The property is located at 1209 E Morgan St Martinsville, IN.
What is the asking price?
The asking price for this property is $369,797.
What are key features of this property?
This property features: Rare opportunity: First time on the open market.; Flexible layout: Removable walls allow for customization of office and workspace.; Multiple access points: Four entries/exits for convenient access.
More about this property
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