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    Property profile & analytics

    220 Main St Monrovia, IN 46157-9567

    • Turn key restaurants
    • 7,020 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 05, 2023
    Location Intelligence
    Property ID
    US31-1511295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Main Street Grill / Bar & Grill

    Property Details for 220 Main St

    Year built
    1909
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    7,020 SF
    Property type
    Turn key restaurants
    APN
    55-04-12-165-015.000-022
    APU
    550412165015000022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Morgan
    State
    Indiana
    Longitude
    -86.4825
    Latitude
    39.5792
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,221
    $41,600
    $53,100
    $94,700
    -
    $41,600
    $53,100
    $94,700

    Comparable in this City

    • Value Estimation
      $320,000
      1,260 SF

      55 Chestnut St

      RESTAURANT • 1,260 SF
      55 Chestnut St, Monrovia, IN 46157-1021
      View Details
    • Value Estimation by Request
      3,473 SF

      230 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,473 SF
      230 Main St, Monrovia, IN 46157-9567
      View Details
    • Value Estimation by Request
      192 SF

      135 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 192 SF
      135 Chestnut St, Monrovia, IN 46157-1023
      View Details
    • Value Estimation
      $335,000
      2,800 SF

      240 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      240 Main St, Monrovia, IN 46157-9567
      View Details
    • Value Estimation by Request
      594 SF

      140 Main St

      RETAIL STORES (PERSONAL SERVICES) • 594 SF
      140 Main St, Monrovia, IN 46157-9579
      View Details
    • Value Estimation
      $345,000
      7,500 SF

      3008 Glacier Dr

      VEHICLE SALES, RENTALS • 7,500 SF
      3008 Glacier Dr, Monrovia, IN 46157-9417
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      80.00 Acres

      Monrovia, IN: 80-Acre Industrial Land

      Prime 80-acre industrial site near I-70.
      39 & Keller Hl Rd, Monrovia, IN 46157
      View Details
    • $2,800,000
      86.00 Acres

      86 Acres Monrovia Development Land

      Prime Indiana commercial land, ideal for housing.
      8881 Baltimore Rd, Monrovia, IN 46157
      View Details
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    220 Main St
    Monrovia, IN 46157-9567
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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
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