Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Monticello, IN Title is generated by Realmo AI

    2941 E 225 N, Monticello, IN 47960

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential Land - Monticello, IN

    Lot size:
    0.91 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    52
    Last Refresh:
    May 16 at 2:06 am

    Property Features for 2941 E 225 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    91-74-13-000-000.511-005
    Lot size
    0.91 Acres

    Taxes and HOA fees

    Tax Annual Amount
    41

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Thayer
    Chris Thayer

    Listing agent Chris Thayer

    Listing office REAL ESTATE NETWORK L.L.C 902 N Sixth Street, Monticello, IN

    Listing date Mar 26, 2026

    MLS# 202610200 Listing URL

    Copyright © 2026 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.

    HighLights

    • Large lot size: Nearly one acre of land.
    • Opportunity to purchase adjacent lot for a total of nearly two acres.
    • Peaceful, prairie‑style view.
    • 8" drain tile already installed for proper drainage.
    • Soil analysis available.
    • Residential use only.

    Overview

    This property offers nearly an acre of residential land with a prairie-style view. An 8" drain tile is installed along the rear of the property to support drainage. The property is subject to deed restrictions, including use for residential purposes only, and prohibitions on livestock, poultry, metal outbuildings, and sheds. The plat shows building setbacks and the drainage easement. A soil analysis is available. The property is located in Monticello, Indiana, in White County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.8159525
    Latitude
    40.7874209

    Nearby Similar for Sale

    • $349,900

      Monticello Barn with Redevelopment Potential

      Unique 9,500+ sqft barn on 2 acres in Monticello.
      720 W Washington Street, Monticello, IN 47960
      View Details
    • $995,000

      High-Traffic Retail Opportunity

      Prime retail location with high visibility and ample parking.
      115 N Sixth Street, Monticello, IN 47960
      View Details
    • $249,900

      Downtown Monticello Commercial Investment Opportunity

      Fully leased office condo with corporate-signed lease until 2029.
      301 N Main Street, Monticello, IN 47960
      View Details
    • $125,000

      Prime Commercial Land in Monticello

      Nearly 1-acre commercial land parcel in high-traffic location.
      Sixth Street, Monticello, IN 47960
      View Details
    • $699,000

      Monticello Self-Storage Investment Opportunity

      60-unit self-storage facility with expansion potential on 5.4 acres.
      1626 N State Road 39, Monticello, IN 47960
      View Details
    • $199,000

      Downtown Monticello Office Space

      Prime office space for sale in downtown Monticello, Indiana.
      116 Constitution Plaza, Monticello, IN 47960
      View Details
    • $485,000

      Lake Shafer Waterfront Land

      9.43 acres with 1,200 feet of Lake Shafer waterfrontage.
      0 N East Shafer Drive, Monticello, IN 47960
      View Details
    • $70,000

      Monticello Commercial Corner Lot

      Commercial land for sale in Monticello, Indiana.
      Foxwood (Lot 2) Court, Monticello, IN 47960
      View Details
    • $60,000

      Monticello Commercial Land Opportunity

      B-2 zoned commercial land for sale in Monticello, Indiana.
      Foxwood (Lot 3) Court, Monticello, IN 47960
      View Details
    • $225,000

      Lake Shafer Waterfront Land

      Rare Lake Shafer lot with 101' waterfront and boatlift.
      Lot 4, N Longbriar Court, Monticello, IN 47960
      View Details
    • $60,000

      Monticello Commercial Land Opportunity

      B-2 zoned lot in a growing Monticello area.
      Foxwood (Lot 4) Court, Monticello, IN 47960
      View Details
    • $1,050,000

      Turnkey Lakefront Resort Opportunity

      Premier lakefront resort with updated units and strong rental potential.
      2373 N Untalulti Drive, Monticello, IN 47960-1241
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly an acre of residential land with prairie-style views.
    Where is this residential land & home lot located?
    The property is located at 2941 E 225 N Monticello, IN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large lot size: Nearly one acre of land.; Opportunity to purchase adjacent lot for a total of nearly two acres.; Peaceful, prairie‑style view.
    (574) 870-1354
    We can help!
    Listing Contact
    Chris Thayer
    Chris Thayer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2941 E 225 N, Monticello, IN 47960
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!