12150 N US HWY 421 Monticello, IN 47960
New
Retail, Restaurant,Retail,Service,Strip Center - Monticello, IN
Type:Retail
Property size:
4,376 SFLot size:
0.33 Acres- Added:
- Apr 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Apr 26 at 5:06 pm
Property Features for 12150 N US HWY 421
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Kitchen
- Parking
- 18
- Parking features
- Paved or Surfaced
- Interior features
- Drywall, Ventilating/Exhaust Fans
- Exterior features
- Fence, Ventilating/Exhaust Fans
- Fencing
- Fenced
- Standard status
- Active
- APN
- 08-04-03-000-232.000-011
- Size
- 4,376 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2159.56
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Steven Childers License #RB22002269 (765) 807-7177
Listing office Keller Williams Lafayette 3928 McCarty Ln., Lafayette, IN (765) 807-7177
Listing date Apr 24, 2026
MLS# 202614859
Listing URL
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.
Overview
Leased Retail Property on US Hwy
This fully leased, income-producing multi-tenant retail property is located along US Hwy 421 in Monticello, Indiana. It serves both local traffic and seasonal demand from nearby lakes and attractions. The property consists of approximately 4,376 square feet across three suites, identified as Units A, B, and C. All suites are secured with leases through 1/1/2028. The property generates a total gross rental income of $3,200 per month, amounting to $38,400 annually. Tenants reimburse their share of utilities and operating expenses, allocated at 40% for Units A and B, and 20% for Unit C. These expenses include gas, electric, sewer, trash, internet, and exterior maintenance, and are passed through to tenants. The property ownership is 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 a new roof, siding, windows, doors, electrical, plumbing, a 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. The lot size is 0.33 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- White
- State
- Indiana
- Longitude
- -86.753914
- Latitude
- 40.72527
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Income-producing retail property in Monticello, fully leased through 2028.
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.
