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159 N Main Street

Martinsville, IN 46151

ActiveListed Apr 21, 2025 · 519 days on market

Key facts

Living area
5,934 sqft
Lot
0.14 acres
Year built
1873
Type
Commercial Sale · Retail
MLS #
22033819
County
Morgan
Total building area
5,934 sqft

About this home

Own a piece of history with this beautifully updated commercial building located on the north side of Main Street in charming downtown Martinsville with public parking readily available, making it convenient for customers and staff alike. This historic gem blends timeless character with modern updates, making it an ideal space for a variety of business ventures. Step inside to a spacious 42'x42' retail area filled with natural light from the large front windows-recently replaced to enhance curb appeal and energy efficiency. Toward the back, you'll find two versatile office or stockroom spaces and a 30x21 garage area with alley access-perfect for deliveries or secure storage, and large enough to accommodate a delivery van. With its own entrance, upstairs is a generous open space that offers exciting potential. Currently used for storage, it could be transformed into apartments, studio space, or additional offices-whatever fits your vision. Surrounded by the charm of Martinsville's revitalized downtown, this location is just steps from local favorites like restaurants, boutiques, the historic theater, the outdoor amphitheater, and other downtown treasures. Whether you're launching a new retail concept, expanding a current business, or investing in downtown's thriving growth, this property offers endless potential in an unbeatable location.

Description provided by the listing brokerage.

Exterior

Parking and garage
Alley AccessAssignedGarage Door OpenerGuestGarage Faces Rear

Systems

Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Elementary school
Charles L Smith Fine Arts Academy
Middle school
John R. Wooden Middle School
High school
Martinsville High School
School district
MSD Martinsville Schools

Taxes

Estimated annual tax
$2,110 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,332per month, estimated
Principal and interest $2,016Property tax $176Insurance $140
20% · $79,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$399,900
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