5724 Blazing Star Rd Monrovia, IN 46157
This exceptional 5,100 square foot mixed-use property in Monrovia, Indiana, presents a unique blend of rustic aesthetics and modern functionality. Situated on a sprawling 5-acre lot, the property boasts a main building featuring three bedrooms and two and a half bathrooms. The main floor showcases polished concrete floors, contributing to a stylish, modern feel within the rustic design. Enhanced insulation is provided by double-walled exterior construction. Recent interior and exterior painting ensures a fresh, inviting atmosphere. The property includes substantial garage space: a 30' x 40' four-bay concrete floor garage with striking 10' x 12' castle-style side doors, and an attached 30' x 50' three-bay gravel floor garage featuring 12-foot bay doors and a convenient service door. Additional covered parking is available in a 5-6 bay carport, offering versatile use as covered parking or potential animal stalls. Several outbuildings are present, with one fully equipped with vinyl flooring and utilities, ideal for a home office or studio. Security is a key feature, with a 12-foot security fence encompassing the backyard, incorporating a coded gliding gate system and a sophisticated security system for enhanced peace of mind. This one-of-a-kind property is perfect for car enthusiasts, those working from home, individuals seeking space for a small farm, or anyone appreciating ample outdoor space and unique architectural details. Priced at $599,900, this property offers an unparalleled opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.