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1379 Morton Avenue

Martinsville, IN 46151

ActiveListed Sep 15, 2026 · 1 day on market

Key facts

Living area
1,804 sqft
Lot
0.6 acres
Year built
1940
Type
Commercial Sale · Business
MLS #
22122971
County
Morgan
Total building area
1,804 sqft

About this home

Outstanding commercial development opportunity along the highly visible Morton Avenue/SR 39 corridor in Martinsville. This approximately 1.83-acre site offers B-2 General Business zoning, excellent exposure, and convenient access to I-69 at Exit 137, positioning the property within one of Martinsville's key commercial corridors. City utilities, including water, sewer and gas, are available to the site, providing flexibility for future redevelopment. A unique advantage of this property is the presence of two existing residential homes, creating the potential for interim rental income while a purchaser completes planning, design, permitting and execution of the site's long-term commercial use. Suitable for consideration as a 1031 replacement property; buyer to consult tax advisor/qualified intermediary. This can help offset holding costs and provides additional flexibility for an investor or developer who may not be ready to immediately redevelop the property. The location and zoning support a variety of potential commercial uses, including retail, restaurant, professional or medical office, service-oriented businesses and other uses permitted within the B-2 district. With strong visibility, established surrounding commercial activity, income-producing potential during the development phase, and easy access to both Martinsville and I-69, this property presents a compelling opportunity for an owner-user, investor or developer seeking a strategically located commercial site. Buyer to independently verify zoning, permitted uses, rental potential, utilities, access and development requirements.

Description provided by the listing brokerage.

Exterior

Parking and garage
Detached
View
Trees/Woods

Systems

Heating
Natural Gas
Utilities
Electricity ConnectedWater Connected

Lot and HOA

Zoning
B2

Schools

Middle school
John R. Wooden Middle School
High school
Martinsville High School
School district
MSD Martinsville Schools

Taxes

Estimated annual tax
$914 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,311per month, estimated
Principal and interest $3,024Property tax $76Insurance $210
20% · $120,000
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$599,999
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