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    2373 N Untalulti Dr Monticello, IN 47960

    For Sale
    $1,300,000

    Resort, Hotel & Motel - Monticello, IN

    Lot size:
    0.66 Acres
    Days on Market:
    128
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 2373 N Untalulti Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    12
    APN
    91-73-16-000-015.500-020
    Parking features
    Off Street
    Interior features
    Wood, Office Space
    Exterior features
    Office Space, Pier/Dock
    Dock
    1
    Lot size
    0.66 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Multi Units, Wall Unit(s)
    Water front features
    Waterfront Lake Shafer, Waterfront, Waterfront Lake Shafer, Waterfront Pier/Dock
    Water front
    1

    Building Details

    Year built
    1933
    Floors in Building
    1
    Roof type
    Metal
    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 Aug 2, 2025

    MLS# 202530473 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

    Turnkey Lakefront Resort Opportunity

    Anchor Bay Resort is a turnkey lakefront resort, offering a quiet, secluded, and rustic lakeside retreat near Indiana Beach Amusement Park. The well-maintained property features 11 updated units, including a 2-bedroom unit suitable as owner’s quarters. The resort includes over 300 feet of Lake Shafer waterfront, complete with piers and a scenic lakeside walkway. Outdoor recreation amenities include an in-ground pool with pool house and game room, playground, kayaks, paddleboats, cornhole, and multiple firepits and patio areas. Situated on a 0.66-acre lot, this property presents a solid investment opportunity with strong rental potential. The zoning is designated for business use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resorts

    Suggested Use

    Realty agency Restaurant Bar & Pub Cafe & Coffee Shop Storage Facility Pawn Shop Garden Center Travel Agency Plumbing Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.77407
    Latitude
    40.788347

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    FAQs

    What type of property is this?
    Resort - Premier lakefront resort with updated units and strong rental potential.
    Where is this resort located?
    The property is located at 2373 N Untalulti Dr Monticello, IN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Premier turnkey lakefront resort with over 300 feet of Lake Shafer waterfront and piers.; - Features 11 updated units, including a spacious 2-bedroom owner's quarters.; - Prime location near Indiana Beach Amusement Park.
    (574) 583-3171
    Request Owner's contact information
    2373 N Untalulti Dr 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
    2373 N Untalulti Dr Monticello, IN 47960
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