adj. to 47985 Monroe Street - $1 Auction - 0.89 Acre Parcel | $113K AHHI 0.89 Acres of Commercial Land Offered at $242,212 CAD in Indio, CA 92201

Marcus & Millichap is pleased to present the opportunity to acquire a fee simple interest in ±0.893 acres of commercial land adjacent to 47985 Monroe Street in Indio, California 92201 (the “Property”).Offered at auction, the Property represents a compelling opportunity for investors, developers, or owner-users to acquire a well-located development site near a signalized hard corner and adjacent to a former Rite-Aid within the Coachella Valley submarket. FIRST BID MEETS RESERVE!
The Property consists of a ±0.893-acre parcel (±38,890 SF) and benefits from excellent frontage with ±142 feet along Avenue 48 with traffic counts of 15,573 vehicles per day and near the signalized intersection with Monroe Street (±20,579 VPD), providing strong visibility and accessibility. The Property benefits from shared access with the adjacent former Rite-Aid along Avenue 48. Zoned NC, Neighborhood Center, the Property offers flexible zoning that accommodates a broad range of retail, service, and commercial uses.
Indio is a city in Riverside County strategically located in the Coachella Valley submarket approximately 125 miles east of Los Angeles, 23 miles east of Palm Springs, and 130 miles north of San Diego. The market benefits from strong regional visibility and consumer draw, with proximity to the Indian Wells Tennis Garden—home of the BNP Paribas Open—and convenient access to a deep roster of national retailers and big-box shopping destinations throughout the surrounding trade area. As one of Riverside County’s most established retail nodes, the area is supported by a concentration of retailers including Walmart, Costco, Home Depot, Lowe’s, Target, Hobby Lobby, Trader Joe’s, Kohl’s, Sprouts, Best Buy, Starbucks, Walgreens. Indio is the commercial and services hub for the region, supporting surrounding communities including Coachella, Palm Desert, and Palm Springs. Healthcare demand is anchored by JFK Memorial Hospital, a 145-bed acute-care hospital located ±2-min from the Property, providing an important source of steady employment and daily traffic. The immediate trade area is further anchored by government offices, schools, and municipal services that generate consistent daytime activity and year-round consumer demand, positioning the Property. Regional connectivity is provided via I-10, located approximately ±3.5-Mi from the Property, and Ca-111, which offer direct access to Palm Springs and the broader Riverside County region. The surrounding ±5-Mi trade area is home to ±193,482 residents with an average household income (AHHI) of ±$113,243. Collectively, these fundamentals reinforce the Property’s exposure to a growing desert submarket within the broader Coachella Valley, supported by tourism, event-driven traffic, expanding residential growth, and established regional retail demand.