115 W Main Street Monrovia, IN $ 154,900
115 W Main Street
$ 154,900
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115 W Main Street

Monrovia, IN, 46157
$ 154,900
Baths0.0 Sq 1,160

Monthly Estimate*

$ 1,082

115 W Main Street, Monrovia, IN 46157 - Image 1
115 W Main Street, Monrovia, IN 46157 - Image 2
115 W Main Street, Monrovia, IN 46157 - Image 3
Studio

Commercial Property for sale in Monrovia, IN

for $154,900. This 1,160 square foot building was built on a lot size of 0.2.

This property was used as a residential rental income. The Town of Monrovia changed zoning to commercial and allowed residential to continue being grandfathered in... but if a business goes in, it cannot be changed back to residential according to seller's understanding. This is also listed in the residential system. This would be an ideal business office or a small retail space. There is alley access on one side and in the rear. The property does have a large rear yard that is fenced in - There would be plenty of additional parking if needed for a business as well as on the street parking. Affordable start up for a new business or a better location for a business needing more exposure.

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Commercial Active

Price

$ 154,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,308

Style

Retail

Lot Size

0.2

Town/City

Monrovia

County/Region

Morgan

MLS | Web ID

21972761

Features
General
Cooling Central Electric
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Possession Closing
Zoning residential OR commercial
Stories 1
Township Monroe
Levels One
Property SubType Retail
Tax Year 2023
Current Use Residential
County Morgan
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Monrovia
Buyer Agent Compensation 3.0
High School District Monroe-Gregg School District
MLS Area 5502 - Morgan - Monroe
Lot Size Square Feet 8799
Waterfront Y/N N
Street Name Main
Current Financing Conventional
Days on Market 14
Standard Status Active
Tax Lot 3
Buyer Agent Compensation Type %
Legal Description Lot 3 Blk 1 Jehu Carters 1st Addn Exc .02 A
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Exterior
Parking Features Alley Access Street Only
Building Area Total 1160
Lot Size Acres 0.2
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Interior
Basement (Y/N) N
Street Suffix Street
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* Excluded Features
List By
Mathis Real Estate

Broker

janallenmathis@gmail.com

Email

Affordability Calculator

$1,191
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,082
Monthly Property Taxes
$109
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4046554 Elementary School
4046525 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2024$154,900 -7.80% Price Down
4/9/2024$168,000 Listed Price

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115 W Main Street, Monrovia, IN, 46157 is a Commercial Property for sale at $154,900 with 1,160 sqft and a lot size of 0.2. 115 W Main Street is a studio with 0.0 baths. The property's zip code is 46157 which is in Monrovia, IN