650 Birk RdMartinsville, IN 46151

Property Details for 650 Birk Rd

Year built

2005

Lot size

1.00 AC

Property size (Sq ft)

4,269 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

55-13-03-380-007.000-021

APU

551303380007000021

Description

This exceptional retail property, formerly a Steak 'n Shake, presents a unique opportunity for lease in the thriving city of Martinsville, Indiana. Located at 650 Birk Rd, this single-tenant building offers a generous 4,265 square feet of vacant space, ready for immediate occupancy. The property sits on a one-acre lot, providing ample space for customer parking and potential future expansion. The building's previous use as a restaurant suggests a layout well-suited for food service or similar businesses, though it is adaptable to a variety of retail concepts. Its convenient location in Morgan County, Indiana, ensures high visibility and accessibility for customers. The property's address is 650 Birk Rd, Martinsville, IN 46151. The building is classified as retail commercial real estate and is currently entirely vacant, presenting a blank canvas for a new business venture. This is an excellent opportunity to establish a presence in a dynamic market. The property's size and location make it an attractive option for businesses seeking a prominent storefront in a well-established area. All utilities are available at the site. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $774,103

  6.5%

  $714,556

  7%

  $663,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,038

  Geo Method

  $926,038

• Alternative Use

  Use

  Valuation

  Residential

  $602,755

  Hospitality

  $552,120

  Educational

  $459,358

  Medical

  $475,156

  Retail

  $714,556

Location Insight

City

Martinsville

County

Morgan

State

Indiana

Latitude

39.4189

Longitude

-86.4088

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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