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    39 & Keller Hl Rd Monrovia, IN 46157

    Sponsored
    For Sale
    Contact for pricing

    Prime 80-acre industrial site near I-70.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 80-acre parcel presents a significant industrial development opportunity in Monrovia, Indiana. Currently zoned for agricultural use, the property is strategically positioned within the Monrovia Comprehensive Plan's designated industrial zone, paving the way for future industrial development. Its location offers convenient access to Interstate 70 via State Route 39, further enhanced by the recently improved I-70 and SR 39 interchange. This prime location provides seamless connectivity to major transportation arteries, facilitating efficient logistics and distribution. The site's proximity to the Indianapolis International Airport adds another layer of strategic advantage, making it an attractive location for businesses requiring air freight access. The expansive acreage allows for substantial development potential, catering to a wide range of industrial projects. This is a rare opportunity to acquire a large, well-located tract of land poised for significant growth within a thriving industrial corridor. The property's zoning designation, coupled with its excellent infrastructure access and proximity to key transportation hubs, makes it an ideal investment for developers seeking to capitalize on the region's robust industrial market. This is a unique chance to secure a substantial land holding in a rapidly developing area.

    Property Features for 39 & Keller Hl Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    3,484,800 SF

    HighLights

    • ±80 Acres for Sale
    • Currently zoned Agricultural, but designated for Industrial use in Monrovia's Comprehensive Plan
    • Convenient I‑70 access via State Route 39
    • Recently improved I‑70 and SR 39 interchange
    • Close proximity to Indianapolis International Airport
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Monrovia
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4795428
    Latitude
    39.6007602

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    FAQs

    What type of property is this?
    Distribution property - Prime 80-acre industrial site near I-70.
    Where is this distribution property located?
    The property is located at 39 & Keller Hl Rd Monrovia, IN.
    What are key features of this property?
    This property features: ±80 Acres for Sale; Currently zoned Agricultural, but designated for Industrial use in Monrovia's Comprehensive Plan; Convenient I-70 access via State Route 39
    Request Owner's contact information
    39 & Keller Hl Rd Monrovia, IN 46157
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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
    39 & Keller Hl Rd Monrovia, IN 46157
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