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532 N Kristi Road

Martinsville, IN 46151

ActiveListed Sep 28, 2026 · 14 days on market

Key facts

Living area
13,500 sqft
Lot
4.63 acres
Year built
1966
Type
Commercial Sale · Mixed Use
MLS #
22128591
County
Morgan
Total building area
13,500 sqft

About this home

Located directly off the new I-69 Exit 140, this fully built-out event and assembly campus offers owner-users and investors a rare turnkey opportunity. The 13,500 SF total spans two separate buildings. The property can host elegant weddings, corporate events, worship services, and educational programming, with capacity for 10 to 600 guests. It was originally built in 1966 and renovated in 2025, and the furniture, fixtures, and decor convey with the sale. Property Highlights * Directly off the new I-69 Exit 140, with easy access for guests traveling from Indianapolis, Bloomington, and the surrounding region * Approximately 25 miles (about 25-30 minutes) to Bloomington and Indiana University via I-69 * Approximately 44 minutes (28 miles) from Indianapolis International Airport * Campus-style layout with two separate buildings totaling 13,500 SF, providing operational flexibility * Brand-new $30,000 professional dance floor with an integrated premium sound system * Banquet and reception hall with elegant finishes, decorative chandeliers, and upscale lighting throughout * Hardwood flooring * Stage and performance area suited to DJs, live bands, speakers, and worship services * Professional AV infrastructure for presentations, ceremonies, and live entertainment * Bar and beverage service area * Commercial kitchen and food preparation facilities * Bridal suite and groom's suite * Multiple private meeting rooms, classrooms, and offices * Spacious lobby and reception area, plus multiple restrooms * Outdoor ceremony space and a covered pavilion/patio for receptions * 52 paved on-site parking spaces * Attractive landscaping with strong curb appeal * Furniture, banquet tables, chairs, decor, and fixtures included in the sale * Move-in ready, which keeps startup costs low Ideal Buyers * Wedding and event venue operators * Reception and banquet facilities * Churches and religious organizations * Daycare and early childhood

Description provided by the listing brokerage.

Exterior

Parking and garage
Common

Systems

Heating
Electric
Cooling
Central Air
Utilities
Electricity ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

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

Taxes

Estimated annual tax
$4,878 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$10,379per month, estimated
Principal and interest $9,325Property tax $407Insurance $647
20% · $370,000
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$1,850,000
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