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    1626 N State Road 39 Monticello, IN 47960

    For Sale
    $745,000

    Storage Unit/Facility, Special Purpose - Monticello, IN

    Lot size:
    5.40 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1626 N State Road 39

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business & Ag
    APN
    91-73-22-000-007.201-020
    Parking features
    Off Street
    Interior features
    Metal, None
    Exterior features
    None
    Lot size
    5.40 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Koppelmann Real Estate (574) 583-3171 [email protected]

    Listing agent John Koppelmann, CRS, e-PRO, GRI, SRES (574) 583-3171

    Listing date Sep 29, 2025

    MLS# 202539410 Listing URL

    Copyright © 2025 White County 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

    Monticello Self-Storage Investment Opportunity

    This 60-unit self-storage facility is situated on 5.4 acres, presenting an investment opportunity with income potential and room for expansion. The property includes two large garages that can be leased separately, creating multiple revenue streams. The expansive lot provides space for outdoor storage, suitable for boats, RVs, or trailers, while still allowing for potential future expansion. Convenient access and wide drive aisles facilitate customer navigation within the facility. Unit sizes range from 5x10 to 10x30. The property is located in Monticello, Indiana, in White County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Law Firm Wholesale Shop Bar & Pub Garden Center Electrical Service Computer & Electronic Repair Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.747614
    Latitude
    40.774863

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    FAQs

    What type of property is this?
    Self storage facility - 60-unit self-storage facility on 5.4 acres with expansion potential.
    Where is this self storage facility located?
    The property is located at 1626 N State Road 39 Monticello, IN.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: - 60-unit self-storage facility with proven cash flow.; - 5.4-acre lot with room for expansion.; - Multiple revenue streams from storage units and two large garages.
    (574) 583-3171
    Request Owner's contact information
    1626 N State Road 39 Monticello, IN 47960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1626 N State Road 39 Monticello, IN 47960
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