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    489 E Walnut St, Martinsville, IN 46151

    1beds
    10,264sqft
    Residential, Single Family Residence
    Built in 1935
    9,583 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Street parking is available
    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.
    33 days
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    642
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    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Danielle Stiles 317-270-0634,

    The Modglin Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22110106MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 3
      • Full bathrooms: 1
      • 1/2 bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 1
      Primary bedroom
      • Features: Other
      • Level: Main
      • Area: 300 Square Feet
      • Dimensions: 30x10
      Kitchen
      • Features: Other
      • Level: Main
      • Area: 144 Square Feet
      • Dimensions: 12x12
      Living room
      • Features: Other
      • Level: Main
      • Area: 2450 Square Feet
      • Dimensions: 70x35
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: None
      Features
      • Basement: Daylight,Exterior Entry,Finished,Finished Ceiling,Finished Walls,Full
      Interior area
      • Total structure area: 10,264
      • Total interior livable area: 10,264 sqft
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 9,583 Square Feet
      Details
      • Parcel number: 551304241003000021
      • Special conditions: As Is,Defects/Call Office,Fixer Upper
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Residential, Single Family Residence
      Materials
      • Other
      • Foundation: Block
      Condition
      • Fixer,Under Construction
      • New construction: No
      • Year built: 1935

      Utilities & green energy

      • Water: Other

      Community & HOA

      Community
      • Subdivision: No Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Martinsville

      Financial & listing details

      • Annual tax amount: $2,040
      • Date on market: 6/24/2026
      • Cumulative days on market: 35 days
      Danielle Stiles

      (317) 270-0634

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/24/2026Listed for sale$1-100%
        Source: MIBOR as distributed by MLS GRID #22110106 Report a problem
        7/21/2020Sold$40,000-10.9%$4/sqft
        Source: MIBOR as distributed by MLS GRID #21712014 Report a problem
        7/10/2020Pending sale$44,900$4/sqft
        Source: eXp Realty, LLC #21712014 Report a problem
        5/24/2020Listed for sale$44,900$4/sqft
        Source: eXp Realty, LLC #21712014 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46151

        Getting around

        63 / 100
        Somewhat Walkable
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: John R. Wooden Middle School
        • High: Martinsville High School

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.