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124 & 128 E Morgan St, Martinsville, IN 124 E Morgan St 5,565 SF Retail Building Martinsville, IN 46151 For Sale
Investment Highlights
- Classic brick façade in a highly walkable district.
- Second-floor space primed for future creative use.
- Recent roof upgrade reducing near-term capital costs.
- Positioned steps from Martinsville’s new arts venue.
- Strong retail visibility and stable foot traffic patterns.
Executive Summary
124 E Morgan Street offers a distinctive opportunity within downtown Martinsville’s energized commercial core. This two-story brick building delivers classic architectural appeal combined with adaptable floor plans suitable for retail, gallery, professional office, or boutique service operators. Located just steps from the newly developed Martinsville arts venue, the property benefits from consistent daily foot traffic, increased tourism activity, and strong visibility within a walkable business district that continues to attract new investment.
The main level provides an inviting storefront presence, while the second floor offers excellent potential for owner-user occupancy, expansion space, studio use, or redevelopment into a creative workplace environment. Recent capital upgrades to the roof ensure long-term performance and reduce initial maintenance needs. With its strategic location and inherent historic character, 124 E Morgan Street is a compelling asset for business owners seeking a central downtown presence or investors pursuing stable long-term value in a growing market.
The main level provides an inviting storefront presence, while the second floor offers excellent potential for owner-user occupancy, expansion space, studio use, or redevelopment into a creative workplace environment. Recent capital upgrades to the roof ensure long-term performance and reduce initial maintenance needs. With its strategic location and inherent historic character, 124 E Morgan Street is a compelling asset for business owners seeking a central downtown presence or investors pursuing stable long-term value in a growing market.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,565 SF
Building Class
C
Year Built
1900
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.83
Lot Size
0.07 AC
Zoning
B-2 - B-2 Commercial Zoning with retail business uses.
Frontage
20’ on East Morgan Street
Amenities
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 55-09-33-463-006.000-021 | Improvements Assessment | $180,000 |
| Land Assessment | $21,600 | Total Assessment | $201,600 |
Property Taxes
Parcel Number
55-09-33-463-006.000-021
Land Assessment
$21,600
Improvements Assessment
$180,000
Total Assessment
$201,600
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124 & 128 E Morgan St, Martinsville, IN | 124 E Morgan St
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