USAINMonticello12150 N Us Hwy 421
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12150 N Us Highway 421, Monticello, IN

House

For Sale

Listed price in listed location currency (USD).
$439,000

0218

MLS® 202614859

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $2,160
Days Active 1
Lot Size 
Approx. Age 1974
MLS® Number 202614859

Property Address: 12150 N Us Hwy 421, Monticello, IN, 47960

Average square foot calculated using Size range provided by listing agent.

Description

Fully leased, income-producing multi-tenant retail property located along US Hwy 421 in Monticello, serving both local traffic and strong seasonal demand from nearby lakes and attractions. The property consists of approximately 4, 376 SF across three suites (Units A, B, and C), all secured with leases through 1/1/2028. The property generates total gross rental income of $3, 200 per month ($38, 400 annually). Tenants reimburse their share of utilities and operating expenses, allocated at 40% (Units A and B) and 20% (Unit C). These expenses—including gas/electric, sewer, trash, internet, and exterior maintenance—are passed through to tenants, with ownership primarily responsible for taxes and insurance. The tenant mix includes a diner, bakery, and dog grooming business, all operated by established ownership, providing stable, service-based occupancy with consistent local demand. The property has undergone extensive renovations, including new roof, siding, windows, doors, electrical, plumbing, paved parking lot, and a lighted roadside sign. Interior buildout includes commercial-grade improvements, and most fixtures, equipment, and furnishings transfer with the sale. An additional adjacent parcel is available for purchase, offering future development or expansion potential. This is an ideal opportunity for investors seeking stable income with limited landlord responsibilities and future upside through rent adjustments. Contact listing broker for additional financials, lease details, and to schedule a private tour.
MLS® Number202614859
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1974
BasementSlab
DrivewayPaved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 24, 2026List Date
$439,000List Price
  • Commute

Commute

Starting Address
Destination Address
12150 N Us Highway 421, Monticello, IN

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