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    722 W Monroe St Decatur, IN 46733

    For Sale
    $249,900

    Retail, Auto Dealer - Decatur, IN

    Type:Retail
    Lot size:
    0.52 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 722 W Monroe St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Office
    Bathrooms
    1
    APN
    01-05-03-104-059.000-022
    Interior features
    Drywall, 220 Volts, Overhead Door 1, Overhead Door 2, Display Window(s), Office Space, Reception Area
    Exterior features
    220 Volts, Overhead Door 1, Overhead Door 2, Display Window(s), Office Space, Reception Area
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1964
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    1st Class Hoosier Realty Inc. (260) 724-4400 [email protected]

    Listing agent Bradley Logan (260) 724-4400 License #RB14040781

    Listing date Sep 11, 2025

    MLS# 202519940 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Decatur Car Lot on Highway

    Located on Highway 224 (Monroe Street) in Decatur, Indiana, this established car lot offers significant exposure and a high-traffic location. The property features approximately 118 feet of highway frontage and 15,000 square feet of concrete parking, accommodating around 50 cars. The building includes air conditioning and heating, extending even into the 3-bay work garage. The front of the building offers up to 3 offices. The lot size is approximately 0.52 acres. This property is suited for retail or auto dealer use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bill Miller's Auto ... Used Car Dealer Auslyn Auto Sales Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Adams
    State
    Indiana
    Longitude
    -84.931084
    Latitude
    40.830692

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    FAQs

    What type of property is this?
    Specialty property - Established car lot with high traffic and great exposure.
    Where is this specialty property located?
    The property is located at 722 W Monroe St Decatur, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 224 (Monroe St) in Decatur with excellent exposure.; - 15,000 sq ft of concrete parking, accommodating approximately 50 cars.; - Building includes air conditioning and heating, even in the 3-bay work garage.
    (260) 724-4400
    Request Owner's contact information
    722 W Monroe St Decatur, IN 46733
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    722 W Monroe St Decatur, IN 46733
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