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    160 Morgan St Martinsville, IN 46151

    Sponsored
    For Sale
    $675,000

    9,968 sq ft, Updated, Prime Location

    Property size:
    9,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 160 E Morgan St in Martinsville, Indiana, presents a compelling investment opportunity. The 9,968 square foot building, encompassing two structures on a 9,000 square foot lot, underwent renovations in 2022. The property's versatile design caters to a variety of business needs, encompassing creative office, storefront, and traditional office spaces. Its B-2 zoning allows for flexible usage. The building features convenient amenities including a kitchen and three bathrooms. The property boasts excellent visibility and accessibility due to its strategic downtown location, offering high foot traffic and easy access to I-69 and State Road 39. The asking price is $675,000, translating to $67.72 per square foot. The property includes basement space, adding to its overall functionality and potential. This is a rare chance to acquire a newly updated, substantial commercial property in a thriving Indiana community. The property's size, location, and recent renovations make it an ideal investment for both established businesses and new ventures.

    Property Features for 160 Morgan St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,968 SF
    Class
    B

    Building Details

    Year Renovated
    2022
    Buildings
    2
    Stories
    1

    HighLights

    • Newly renovated mixed‑use building.
    • 9,968 square feet, including basement space.
    • Excellent access to I‑69 and State Road 39.
    • B‑2 zoning allows for flexible use.
    • Includes a kitchen and three bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -86.4265602
    Latitude
    39.4280898

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    FAQs

    What type of property is this?
    Individual retail property - 9,968 sq ft, Updated, Prime Location
    Where is this individual retail property located?
    The property is located at 160 Morgan St Martinsville, IN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Newly renovated mixed-use building.; 9,968 square feet, including basement space.; Excellent access to I-69 and State Road 39.
    Request Owner's contact information
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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
    160 Morgan St Martinsville, IN 46151
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