489 E Walnut Street Martinsville, IN $ 1
489 E Walnut Street
$ 1
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Open House 6/26 1pm - 3pm
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489 E Walnut Street

Martinsville, IN, 46151
$ 1
Bedrooms-- Baths-- Sq 10,264

Monthly Estimate*

$ 0

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Commercial Property for sale in Martinsville, IN

for $1. This 10,264 square foot building was built in 1935 on a lot size of 0.22.

OPEN HOUSE - WEDNESDAY, JUNE 24TH 6-8PM Historic Commercial Redevelopment Opportunity in Downtown Martinsville! A rare opportunity to preserve a piece of local history. Built in 1935 during the Great Depression, this former church stood for generations as a beacon of hope, faith, and community support. Deeply cherished by many families throughout the years, it served as a gathering place and pillar of strength for those facing hardship during some of the area's most challenging times. Today, this historic structure awaits a visionary buyer willing to restore, repurpose, or reimagine its future with over 10,000 square feet of potential on a 0.22-acre corner lot just a short walk from Downtown Martinsville. Whether your plans include a church, community space, residental, duplex or another use subject to governmental approvals, this property offers a unique chance to breathe new life into a landmark with a meaningful story. Street parking is available. Zoning is R2. Utilities are available in the area but are not currently connected. Property is being offered AS-IS. Buyer is responsible for verifying zoning, permitted uses, utility availability, redevelopment requirements, clean out, and all governmental approvals. Highest and Best Offers will be accepted through July 10, 2026.

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Open House

6/26/2026 1:00 PM - 3:00 PM
489 E Walnut Street Martinsville, IN
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Commercial Active

Price

$ 1

Property Type

Commercial

Taxes

$ 2,040

Style

Business

Lot Size

0.22

Year Built

1935

Town/City

Martinsville

County/Region

Morgan

MLS | Web ID

22109466

Features
General
Utilities Electricity Connected Sewer Connected Water Connected
Possession Closing
Zoning commercial
Year Built 1935
Township Washington
Property Subtype Business
Tax Year 2025
Current Use Church
County Morgan
New Construction N
Property Type Commercial Sale
Facing Direction North
Status Active
Directions GPS Friendly
High School Martinsville High School
City Martinsville
High School District MSD Martinsville Schools
MLS Area 5512 - Morgan - Washington
Lot Size Square Feet 9540
Current Financing Cash Only
Middle/Junior High School John R. Wooden Middle School
Standard Status Active
Tax Lot 17
Virtual Tour www.DanielleStiles.com
Legal Description Lot 17 Clappers Addn
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Exterior
Parking Features On Street
Building Area Total 10264
Lot Size Acres 0.22
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
The Modglin Group

Broker

RealEstate@DanielleStiles.com

Email

Affordability Calculator

$170
Per Month
0%
100%
0%
Monthly Principal & Interest
$0
Monthly Property Taxes
$170
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046635 Elementary School
4046456 Middle School
Martinsville High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2026$1 -50.00% Price Down
6/24/2026$2 Listed Price

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489 E Walnut Street, Martinsville, IN, 46151 is a Commercial Property for sale at $1 with 10,264 sqft and a lot size of 0.22. 489 E Walnut Street was built in 1935. The property's zip code is 46151 which is in Martinsville, IN