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Property profile & analytics
OFF-MARKET
Turn key restaurants

650 Birk Rd Martinsville, IN 46151-6534

4,269 SF 1 ac lot Built 2005
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US31-1419983
Property summary
AI-generated overview

This exceptional retail property, formerly a Steak 'n Shake, presents a unique opportunity for lease in the thriving city of Martinsville, Indiana. Located at 650 Birk Rd, this single-tenant building offers a generous 4,265 square feet of vacant space, ready for immediate occupancy. The property sits on a one-acre lot, providing ample space for customer parking and potential future expansion. The building's previous use as a restaurant suggests a layout well-suited for food service or similar businesses, though it is adaptable to a variety of retail concepts. Its convenient location in Morgan County, Indiana, ensures high visibility and accessibility for customers. The property's address is 650 Birk Rd, Martinsville, IN 46151. The building is classified as retail commercial real estate and is currently entirely vacant, presenting a blank canvas for a new business venture. This is an excellent opportunity to establish a presence in a dynamic market. The property's size and location make it an attractive option for businesses seeking a prominent storefront in a well-established area. All utilities are available at the site. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Total area 4,269 SF
Lot 1 ac (43,560 SF)
APN 55-13-03-380-007.000-021
UPID US31-1419983
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lc Martinsville LLC · 2 yrs held
Lc Martinsville LLC
since 2023
2 recorded transactions
2023
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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