Skip to content

308 N Morrison Street

Morristown, IN 46161

ActiveListed Jul 1, 2025 · 470 days on market

Key facts

Living area
10,390 sqft
Lot
0.88 acres
Year built
2007
Type
Commercial Sale · Mixed Use
MLS #
22048299
County
Shelby
Total building area
10,390 sqft

About this home

WHOA! Massive potential with this 6,400 sq ft commercial shop, boasting of an 800 sq ft office, 4 potential bays, and an additional 3,990 sq ft of storage space above! Situated on 3.38 acres, nearly all solid gravel parking! Meticulously maintained w/ LED lights, compressed air, and a 2 surveillance alarm system throughout the building! Multiple overhead doors w/ openers. Main level living quarters, 26x30 carport, (2) 40' connex storage units, & two sheds at the back of the building! a Combination of forced air gas furnaces and resinor heaters cover the entire main level! 440 electric in the shop area! The possibilities are endless, schedule your private tour today!

Description provided by the listing brokerage.

Exterior

Roof
Metal
Parking and garage
CarportCommonGravelGarage Faces SideStorageWorkshop in Garage
Fencing
PartialGate

Systems

Heating
Forced AirGasSpace Wall Unit
Cooling
Window Unit(s)
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Elementary school
Morristown Elementary School
High school
Morristown Jr-Sr High School
School district
Shelby Eastern Schools

Taxes

Estimated annual tax
$1,802 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,789per month, estimated
Principal and interest $3,403Property tax $150Insurance $236
20% · $135,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$675,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.