Strip Mall with Lighted Roadside
For Sale
$439,000
12150 N US HWY 421, Monticello, IN 47960
COMMERCIAL - Monticello, IN
Property Size4,376 SF
Lot Size0.33 Acres
Price / SF$100.32
Days on Market105
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: Aug 4
Last Checked: Aug 6 at 10:06AM
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 fully leased, multi-tenant strip mall is configured as three retail suites (Units A, B, and C) and includes approximately 4,376 SF of retail space. The property is secured with leases through 1/1/2028 and features commercial-grade buildout, commercial-grade improvements, and interior fixtures, equipment, and furnishings that transfer with the sale. Flooring is concrete, and the property has central air.
Recent renovations include a new roof, new siding, new windows and doors, updated electrical and plumbing, a paved parking lot, and a lighted roadside sign. The property was built in 1974 and sits on approximately 0.33 acres.
The tenant mix includes a diner, bakery, and dog grooming business. Tenants reimburse their allocated share of utilities and operating expenses (40% for Units A and B, and 20% for Unit C), while ownership primarily remains responsible for taxes and insurance.
Recent renovations include a new roof, new siding, new windows and doors, updated electrical and plumbing, a paved parking lot, and a lighted roadside sign. The property was built in 1974 and sits on approximately 0.33 acres.
The tenant mix includes a diner, bakery, and dog grooming business. Tenants reimburse their allocated share of utilities and operating expenses (40% for Units A and B, and 20% for Unit C), while ownership primarily remains responsible for taxes and insurance.
Key Highlights
- Approximately 4,376 SF across three retail suites (Units A, B, and C)
- Leases in place through 1/1/2028
- 0.33‑acre strip mall with paved parking lot
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three leased retail suites with central air and a lighted roadside sign along US Hwy 421 in Monticello.
Where is this strip mall 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 $439,000.
What are key features of this property?
This property features: Approximately 4,376 SF across three retail suites (Units A, B, and C); Leases in place through 1/1/2028; 0.33‑acre strip mall with paved parking lot
