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Property profile & analytics
OFF-MARKET
Warehouses

39 & Keller Hl Rd Monrovia, IN 46157

80 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Warehouses
Lot 80 ac (3,484,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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