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Property profile & analytics
OFF-MARKET Estimated value $575,000
Commercial real estate

65 Morgan St Martinsville, IN 46151-1447

15,309 SF 0.15 ac lot Built 1905
Individually Owned Free & Clear
Property ID
US31-1816225
Property summary
AI-generated overview

This exceptional commercial property at 65 W Morgan Street, Martinsville, Indiana, presents a unique opportunity for adaptive reuse. Boasting over 15,309 square feet of space spread across three stories, this building offers unparalleled flexibility for a wide range of commercial ventures. Currently stripped down to its raw brick walls, the property is a blank canvas, ready for complete customization to meet your specific needs and vision. The existing metal roof ensures long-term protection and durability. Situated on a 0.15-acre lot, the property provides ample space for potential expansion or outdoor amenities, depending on your project requirements. The building's substantial size and adaptable nature make it ideal for a variety of uses, from large-scale retail or office space to a unique mixed-use development. The strategic location in Martinsville offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare chance to acquire a significant commercial property with immense potential, allowing you to create a space perfectly tailored to your business objectives. The asking price is $450,000. Don't miss this opportunity to shape the future of your business in this prime Martinsville location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1905
Construction WOOD
Total area 15,309 SF
Lot 0.15 ac (6,621 SF)
APN 55-09-33-394-002.000-021
UPID US31-1816225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$528k
Blend (final) Blend
$575k
Owner & transaction history
Jesse Logsdon
Jesse Logsdon
since 2025
4 recorded transactions
2025
Price N/A
2023
Price N/A
2023
$225,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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