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Multi-Building Office Conversion Property
For Sale
Contact for pricing
Pending

205 N Chestnut Street, Monrovia, IN 46157

Multi-use property on 2 acres with a main building and multiple barns suited for office or rental conversion.

Property SizeContact for details
Lot Size2.00 Acres
Days on Market144

Property Features for 205 N Chestnut Street

General Information

Standard status Pending
Lot size 2.00 Acres
Property subtype Retail, Office

Additional Details

Road Access Yes
Listing Agency: Keller Williams Indy Metro S
Listed By: Mark Coffey · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 29 at 12:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy Metro S

Investment Insights

Based on property information with market context.

This multi-use property offers flexible redevelopment options on 2 acres, featuring a main building plus multiple barns. The on-site structures can be converted into office space and rentals, or you can use the overall site for additional development based on your plans.

Located in Monrovia along the State Road 39 corridor, the property sits in the middle of a growing area and is positioned for visibility from a well-traveled route.

The combination of an existing main building and several barn structures provides multiple spaces that may be adapted for office or rental uses, while the larger site supports a range of development approaches.

Key Highlights

  • Multi‑use property on 2 acres along the State Road 39 corridor in Monrovia
  • Main building plus multiple barns, offering space that can be converted into office or rental use
  • Includes multiple barn buildings that can be used as part of office or rental conversion plans

Property Analytics

Current Use

Monrovia High School Tutoring Service Monrovia Highschool High School

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Hair Salon Garden Center Building Supply Catering Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Demographics for 46157, IN

4,074
Population
1,665
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
94%
High-School Grad
30.6 sq mi
ZIP Area
133
Density / Sq Mi
$74,286
Median Household Income
$47,292
Median Earnings
$819
Median Rent
$202,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Multi-use property on 2 acres with a main building and multiple barns suited for office or rental conversion.
Where is this office building located?
The property is located at 205 N Chestnut Street Monrovia, IN.
What are key features of this property?
This property features: Multi‑use property on 2 acres along the State Road 39 corridor in Monrovia; Main building plus multiple barns, offering space that can be converted into office or rental use; Includes multiple barn buildings that can be used as part of office or rental conversion plans
More about this property
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