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

Martinsville, IN, 46151
$ 1
Bedrooms1 Baths1.2 Sq 10,264

Monthly Estimate*

$ 0

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Single Family Home for sale in Martinsville, IN

for $1 with 1 bedroom and 1 full bath, 2 half baths. This 10,264 square foot home 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

Single Family Active

Price

$ 1

Bedrooms

1

Full Bath

1

Half Bath

2

Property Type

Single Family

Taxes

$ 2,040

Style

Lot Size

0.22

Year Built

1935

Town/City

Martinsville

County/Region

Morgan

MLS | Web ID

22110106

Features
General
Heating Forced Air
Cooling Central Air
Possession Closing
Appliances None
Architectural Style Other
Construction Materials Other
Year Built 1935
Township Washington
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Morgan
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Facing Direction North
Garage Y/N N
Total Rooms 11
Full Baths 1
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
Property Attached Y/N N
Current Financing Cash Only
Middle/Junior High School John R. Wooden Middle School
Property Condition Fixer Under Construction
Standard Status Active
Tax Lot 17
Virtual Tour www.DanielleStiles.com
Legal Description Lot 17 Clappers Addn
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Interior
Basement Daylight Exterior Entry Finished Finished Ceiling Finished Walls Full
Basement (Y/N) Y
Half Baths 2
Total Bedrooms 1
Below Grade Finished Area 0
Main Level Bedrooms 1
Total Baths 3
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Exterior
Water Source Other
Foundation Details Block
Building Area Total 10264
Lot Size Acres 0.22
Horse Amenities None
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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 Single Family Home for sale at $1 with 10,264 sqft and a lot size of 0.22. 489 E Walnut Street has 1 bedrooms, 1.2 baths, and was built in 1935. The property's zip code is 46151 which is in Martinsville, IN