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    8881 Baltimore Rd Monrovia, IN 46157

    For Sale
    $2,800,000

    Prime Indiana commercial land, ideal for housing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 86-acre parcel presents a compelling investment opportunity in the rapidly expanding town of Monrovia, Indiana. Strategically located just south of Interstate 70, this commercially zoned property offers unparalleled access to major transportation routes, placing it within a convenient 30-minute commute of downtown Indianapolis. The land is designated as Rural Residential zoning, presenting a unique chance to contribute to the significant housing demand in one of Indiana's fastest-growing areas. Monrovia itself is experiencing explosive growth, making this property particularly attractive for developers seeking to capitalize on the burgeoning population and the need for new residential options. The expansive acreage provides ample space for a variety of development projects, catering to the current and projected future needs of the community. The property's address is 8881 N Baltimore Rd, Monrovia, IN 46157. This location offers a blend of rural tranquility and convenient access to urban amenities, making it an ideal location for a diverse range of residential developments. The asking price for this significant land holding is $2,800,000. Serious inquiries are encouraged.

    Property Features for 8881 Baltimore Rd

    General Information

    Property type
    Land
    Lot Size
    3,746,160 SF

    HighLights

    • $2,800,000 asking price.
    • 86‑acre commercial land parcel.
    • Rural Residential zoning.
    • Located in Monrovia, Indiana, at 8881 N Baltimore Rd, 46157.
    • Excellent development opportunity near I‑70, 30 minutes from Indianapolis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Auto Parts Store Department Store HVAC Service Discount Store Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4833461
    Latitude
    39.5580867

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Indiana commercial land, ideal for housing.
    Where is this land located?
    The property is located at 8881 Baltimore Rd Monrovia, IN.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: $2,800,000 asking price.; 86-acre commercial land parcel.; Rural Residential zoning.
    (317) 281-2514
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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
    8881 Baltimore Rd Monrovia, IN 46157
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