489 E Walnut St Martinsville, IN 46151
Martinsville AreaHighlights
- No HOA
- Forced Air Heating and Cooling System
- Under Construction
- 1-Story Property
About This Home
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.
Listing Agent
The Modglin Group Brokerage Email: RealEstate@DanielleStiles.com License #RB18000499 Listed on: 06/24/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1935 | Under Construction
Home Design
- Fixer Upper
- Block Foundation
Interior Spaces
- 10,264 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Natural lighting in basement
Schools
- John R. Wooden Middle School
- Bell Intermediate Academy
- Martinsville High School
Additional Features
- 9,540 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 17
- Assessor Parcel Number 551304241003000021
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,040 | $54,900 | $25,000 | $29,900 |
| 2024 | $1,000 | $46,700 | $25,000 | $21,700 |
| 2023 | $826 | $43,600 | $21,900 | $21,700 |
| 2022 | $777 | $43,600 | $21,900 | $21,700 |
| 2021 | $774 | $42,000 | $21,900 | $20,100 |
| 2020 | $1,059 | $58,900 | $21,900 | $37,000 |
| 2019 | $1,109 | $58,900 | $21,900 | $37,000 |
| 2018 | $1,107 | $58,900 | $21,900 | $37,000 |
| 2017 | $817 | $57,600 | $21,900 | $35,700 |
| 2016 | $833 | $57,600 | $21,900 | $35,700 |
| 2014 | $595 | $57,700 | $21,900 | $35,800 |
| 2013 | $595 | $57,700 | $21,900 | $35,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2026 06/24/26 | Price Changed | $1 | -50.0% | $0 / Sq Ft | |
| 06/24/2026 06/24/26 | For Sale | $2 | -100.0% | $0 / Sq Ft | |
| 07/21/2020 07/21/20 | Sold | $40,000 | -10.9% | $4 / Sq Ft | View Prior Sale |
| 07/09/2020 07/09/20 | Pending | -- | -- | -- | |
| 05/24/2020 05/24/20 | For Sale | $44,900 | -- | $4 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Corporate Deed | -- | -- | |
| Land Contract | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22110106
APN: 55-13-04-241-003.000-021
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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