Martinsville, IN
Commercial Real Estate Market Trends & Data

$142 Avg asking sale price
$25 Avg asking lease rate
3,630 SF Avg unit lease size
39,120 SF Avg building size for sale

Martinsville's Demographic Profile

Martinsville has 4,903 households and a median income of $51,476, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 11,863
# Households 4,903
Median age 40
Median household income $51,476
Avg household size 2.0
Renter-occupied housing units 2,121
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Martinsville, IN

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Plainfield $465 6,678 SF 7.25%
Greenwood $175 10,554 SF 6.97%
Nearby Retail Markets Avg Cost/SF Typical Size
Martinsville $167 8,247 SF
Mooresville $163 4,046 SF
Gosport $72 5,933 SF
Trafalgar $165 9,100 SF
Plainfield $293 5,605 SF

Commercial Properties For Sale in Martinsville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1819 E Morgan St

Martinsville, IN 46151

  • 6,048 SF Retail Building
  • $1,695,000
For Sale

801 S Ohio St

Martinsville, IN 46151

  • 1.46 AC Lot
  • 1 Commercial Lot
  • $900,000
For Sale

180 Robert Curry Dr

Martinsville, IN 46151

  • 2,966 SF Retail Building
  • $299,000
For Sale

960 Morton Ave

Martinsville, IN 46151

  • 9,450 SF Retail Building
  • $950,000
For Sale

Martinsville Plaza

Martinsville, IN 46151

  • 2 AC Lot
  • 1 Commercial Lot
  • $1,200,000
For Sale

PRIME COMMERCIAL LAND

Martinsville, IN 46151

  • 10 AC Lot
  • 1 Commercial Lot
  • $5,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
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What is a Ground Lease?
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
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Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Martinsville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Martinsville $142 39,120 SF
Mooresville $160 11,017 SF
Gosport $72 5,933 SF
Ellettsville $167 9,000 SF

Regional Demographic Comparison

This comparison places Martinsville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Martinsville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Martinsville 11,863 4,903 40 $51,476 2 2,121 2%
Monrovia 2,050 708 37 $83,721 3 74 6%
Mooresville 9,010 3,658 42 $64,919 2 1,025 1%
Gosport 448 183 40 $52,838 2 69 -10%
Ellettsville 7,916 3,213 39 $81,508 2 687 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Martinsville, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Martinsville

View All Commercial Real Estate For Sale in Martinsville
Is Martinsville a good market for a first-time commercial real estate investor?

Martinsville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Martinsville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Martinsville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Martinsville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Martinsville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Martinsville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Martinsville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Martinsville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Martinsville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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