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    1201 Ohio St Martinsville, IN 46151

    For Sale
    $500,000

    Three I-2 zoned parcels, ideal for retail.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents three strategically located outlot parcels in Martinsville, Indiana, totaling approximately 5.67 acres. The property is ideally situated less than half a mile from the new I-69 on/off ramp, providing unparalleled access and visibility. Its proximity to the Indianapolis International Airport (25 miles south) further enhances its appeal. The parcels are currently zoned I-2, opening up a wide range of development possibilities, particularly retail uses. This is a chance to capitalize on a rapidly growing corridor, joining established businesses like Culver's. The individual parcels offer varying sizes and price points: Parcel 1 encompasses approximately 0.8 acres and is listed at $250,000; Parcel 2 comprises approximately 3.25 acres and is priced at $499,000; and Parcel 3 covers approximately 1.62 acres, listed at $350,000. The combined asking price for all three parcels is $500,000. The property's APN numbers are 55-13-04-490-002.003-021; 55-13-04-490-002.001-021; and 55-13-04-490-002.002-021. This is a rare opportunity to acquire prime farmland in a high-growth area with excellent access and zoning. Don't miss out on this chance to secure a valuable piece of Indiana real estate.

    Property Features for 1201 Ohio St

    General Information

    Property type
    Farms
    Lot Size
    34,848 SF

    HighLights

    • $500,000 asking price for three I‑2 zoned outlots in Martinsville, IN.
    • Three parcels totaling approximately 5.67 acres.
    • Individual parcel sizes: 0.8 acres, 3.25 acres, and 1.62 acres.
    • Individual parcel pricing: $250,000, $499,000, and $350,000 respectively.
    • Located less than 0.5 miles from the I‑69 on/off ramp and 25 miles south of Indianapolis International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.42255669
    Latitude
    39.4131687

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    FAQs

    What type of property is this?
    Farm - Three I-2 zoned parcels, ideal for retail.
    Where is this farm located?
    The property is located at 1201 Ohio St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for three I-2 zoned outlots in Martinsville, IN.; Three parcels totaling approximately 5.67 acres.; Individual parcel sizes: 0.8 acres, 3.25 acres, and 1.62 acres.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Ohio St Martinsville, IN 46151
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