Renovated Multi-Tenant Retail
For Sale
$399,000
12150 N US HWY 421, Monticello, IN 47960
COMMERCIAL, Monticello, IN
Property Size4,376 SF
Lot Size0.33 Acres
Price / SF$91.18
Days on Market152
Property Features for 12150 N US HWY 421
General Information
Property type
Commercial Sale
Property subtype
Retail
Fencing
Chain Link
Lot features
City
Directions
North on US HWY 421 to location.
Subdivision
Carroll County
Standard status
Active
APN
08-04-03-000-232.000-011
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
008-11007-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 7 008-11006-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 6 008-11005-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 5 008-11004-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 4
Tax Annual Amount
2160
Legal Description
008-11007-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 7 008-11006-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 6 008-11005-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 5 008-11004-00 UNIT 2 SUNSET PARK BLOCK 7 LOT 4
Utilities
Cooling system
Central Air
Building Details
Year built
1974
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Keller Williams Lafayette · Keller Williams Realty
(765) 807-7177
Listed By:
Steven Childers · License #RB22002269
(765) 413-6046
Added: Apr 24
Changed: Sep 15
Last Checked: Sep 22 at 7:06AM
MLS# 202614859
Copyright © 2026 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant retail center contains approximately 4,376 SF arranged across three suites identified as Units A, B, and C. The current occupancy includes a diner, bakery, and dog grooming business, with leases extending through 1/1/2028. Commercial-grade interior improvements are in place, and most fixtures, equipment, and furnishings transfer with the sale.
Located along US Hwy 421 at 12150 N US HWY 421 in Monticello, the property occupies 0.33 acres in Carroll County. Exterior improvements include a paved parking lot, chain-link fencing, a lighted roadside sign, and a shingle roof. Renovation work also included the roof, siding, windows, doors, electrical system, and plumbing. Central air serves the building, and an adjacent parcel is separately available for purchase.
Located along US Hwy 421 at 12150 N US HWY 421 in Monticello, the property occupies 0.33 acres in Carroll County. Exterior improvements include a paved parking lot, chain-link fencing, a lighted roadside sign, and a shingle roof. Renovation work also included the roof, siding, windows, doors, electrical system, and plumbing. Central air serves the building, and an adjacent parcel is separately available for purchase.
Key Highlights
- Approximately 4,376 SF across three retail suites
- Three established service‑oriented tenants: diner, bakery, and dog grooming business
- Lease terms extend through 1/1/2028
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased service-oriented retail property with central air, paved parking, and a lighted roadside sign.
Where is this shopping center located?
The property is located at 12150 N US HWY 421 Monticello, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 4,376 SF across three retail suites; Three established service‑oriented tenants: diner, bakery, and dog grooming business; Lease terms extend through 1/1/2028
