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Morton Square Shopping Centre 195 Morton Ave 4,875 SF of Retail Space Available in Martinsville, IN 46151
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 255-265 | 4,875 SF | 12’ | 3-5 Years | $10.18 CAD/SF/YR $0.85 CAD/SF/MO $49,604 CAD/YR $4,134 CAD/MO | Triple Net (NNN) |
175-285 Morton Ave - 1st Floor - Ste 255-265
Prime Retail Space for Lease at 255-265 Morton Ave, Martinsville, IN Discover an exceptional leasing opportunity at 255-265 Morton Ave, Martinsville, IN, a vibrant commercial hub perfect for your retail vision. Previously home to a successful inexpensive goods outlet, this versatile retail space offers unparalleled potential for businesses seeking high visibility and accessibility in a thriving community. This well-positioned retail space is perfect for entrepreneurs and established businesses alike, offering a proven location with a history of retail success. Martinsville’s growing economy and community-driven atmosphere make it an ideal setting for retail, dining, or specialty services. Whether you’re launching a new concept or expanding an existing brand, this space provides the visibility and flexibility to thrive. Contact Us Today: Don’t miss out on this prime retail opportunity!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 12’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT MORTON SQUARE SHOPPING CENTRE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Arrow
- -
- 1
- -
- Artesian Nails Inc
- Salon/Barber/Spa
- 1
- -
- Life of Love Church
- Public Administration
- -
- -
- Mis Amigo's
- Accommodation and Food Services
- 1
- -
- Recover
- -
- 1
- -
- State Farm
- Insurance
- 24,891
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Arrow | - | 1 | - |
| Artesian Nails Inc | Salon/Barber/Spa | 1 | - |
| Life of Love Church | Public Administration | - | - |
| Mis Amigo's | Accommodation and Food Services | 1 | - |
| Recover | - | 1 | - |
| State Farm | Insurance | 24,891 | National |
PROPERTY FACTS
| Total Space Available | 4,875 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 101,401 SF |
| Parking | 250 Spaces | Total Land Area | 3.83 AC |
| Stores | 8 | Year Built | 1979 |
| Center Properties | 1 |
| Total Space Available | 4,875 SF |
| Center Type | Neighborhood Center |
| Parking | 250 Spaces |
| Stores | 8 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 101,401 SF |
| Total Land Area | 3.83 AC |
| Year Built | 1979 |
ABOUT THE PROPERTY
Discover Morton Square Shopping Center: Your Everyday Destination in the Heart of Martinsville, Indiana Nestled in the vibrant, family-friendly community of Martinsville—just 25 miles southwest of bustling Indianapolis—Morton Square Shopping Center is the go-to hub for convenient, quality retail and services. Spanning over 101,000 square feet of prime retail space along the bustling Morton Avenue corridor, this well-established neighborhood center offers unmatched accessibility with 250 ample parking spaces and expansive frontage of 760 feet on Morton Ave and 260 feet on Cherry Street. Whether you're a local resident seeking quick essentials or a business looking to tap into a loyal customer base, Morton Square delivers the perfect blend of location, visibility, and community spirit. Why Morton Square Stands Out: Prime Location & Demographics: Situated in growing Morgan County (population ~72,000), the center draws from a daytime population exceeding 15,000 and benefits from high daily traffic counts on SR 37. It's ideally positioned for commuters between Indianapolis and Bloomington, ensuring steady foot traffic year-round. Diverse Tenant Mix: Home to trusted local favorites like Monti Mace State Farm Insurance Agency, offering personalized auto, home, and life solutions. The center is evolving with exciting redevelopment—the former Marsh supermarket anchor is transforming into the state-of-the-art Innovation & Career Lab (launching soon via a partnership with Central Nine Career Center and Ivy Tech Community College). This hands-on training facility will empower students and professionals with real-world skills in high-demand fields like manufacturing, IT, and healthcare, injecting fresh energy and collaboration into the space. Versatile Retail Opportunities: With flexible leasing options for inline shops, outparcels, and the newly revitalized anchor space, Morton Square is primed for innovative retailers, eateries, and service providers. Adjacent draws like Dollar General and Morton Ave Antique Mall enhance the shopping ecosystem, creating a one-stop destination for groceries, bargains, and unique finds. Community-Focused Amenities: Enjoy easy access to Martinsville's scenic trails, parks, and downtown charm, all while shopping in a safe, welcoming environment. Ample signage, modern pylon visibility, and proximity to major employers make it a smart choice for businesses aiming to build lasting customer relationships. Morton Square isn't just a shopping center—it's the heartbeat of Martinsville, where convenience meets opportunity. Join us in shaping the future of retail in Morgan County. Contact leasing brokers today to secure your space and become part of this thriving community landmark! For more details, visit LoopNet Listing or reach out to the Martinsville Chamber of Commerce.
- Pylon Sign
NEARBY MAJOR RETAILERS
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Morton Square Shopping Centre | 195 Morton Ave
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