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316 Wood Street

Morristown, IN 46161

ActiveListed Jul 10, 2026 · 1 day on market

Key facts

Living area
5,160 sqft
Lot
8.81 acres
Year built
1981
Type
Commercial Sale · Industrial
MLS #
22113420
County
Shelby
Total building area
5,160 sqft

About this home

Versatile industrial property offering 5,160 square feet of high-bay space with soaring 30-foot ceilings, set on 8.81 combined acres across three parcels with a fully fenced lot. Officially a single-story building per tax records, the shop includes a built-in upper office area - providing office space, a kitchen, and a bathroom that keep administrative and break functions cleanly separated from the production floor below. Built for heavy, hands-on use, the property is served by robust 360-amp electrical service, city water, and city sewer, with new water lines recently run to the building. The scale, ceiling height, and power capacity make this an ideal fit for manufacturing, metal or wood fabrication, a full-service wood shop, assembly, or warehousing and distribution. The clear footprint accommodates large equipment, material handling, and staging with room to spare. At 8.81 acres, the site offers substantial room to expand, add outbuildings, or stage materials and equipment outdoors. A portion of the acreage is wooded and rich with mature black walnut trees, with a creek running through it - a rare natural amenity that adds long-term value, privacy, and character. For a wood shop or fabricator, the standing walnut is a notable bonus. Whether you're relocating an established operation or launching a new venture, 316 Wood Street delivers the space, infrastructure, and acreage to build on.

Description provided by the listing brokerage.

Exterior

Roof
Composition
Parking and garage
Gravel
Fencing
Fence Complete

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Light Industrial

Schools

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

Taxes

Estimated annual tax
$1,646 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,563per month, estimated
Principal and interest $2,268Property tax $137Insurance $157
20% · $90,000
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.

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Listed at$450,000
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