Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2941 E 225 N Monticello, IN 47960

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Residential Land - Monticello, IN

    Lot size:
    0.91 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 30 at 1:06 pm

    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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Thayer
    Chris Thayer

    Real Estate Network

    Listing agent Chris Thayer

    Listing date Mar 29, 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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Monticello, IN

    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
    -86.815812
    Latitude
    40.787507

    Nearby Similar for Sale

    • $249,900
      0.12 Acres

      Downtown Monticello Commercial Investment Opportunity

      Fully leased office condo with corporate-signed lease until 2029.
      301 N Main St, Monticello, IN 47960
      View Details
    • $230,000
      Pending

      Monticello Commercial Building with Long-Term Tenant

      Well-maintained commercial space with reliable tenant until 2029.
      303 N Main St, Monticello, IN 47960
      View Details
    • $699,000
      5.40 Acres

      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
    • $1,050,000
      0.66 Acres

      Turnkey Lakefront Resort Opportunity

      Premier lakefront resort with updated units and strong rental potential.
      2373 N Untalulti Dr, Monticello, IN 47960
      View Details
    • $199,000
      0.05 Acres

      Downtown Monticello Office Space

      Prime office space for sale in downtown Monticello, Indiana.
      116 Constitution Plz, Monticello, IN 47960
      View Details
    • New
      $1,199,990
      2,900 SF

      Lake Freeman Multi-Purpose Property

      3.90-acre mixed-use property with lake frontage in Monticello, Indiana.
      11810 W 820 North Crossroads, Monticello, IN 47960
      View Details
    • $1,199,500

      Monticello Dollar General Investment Property

      NNN leased Dollar General in Monticello, Indiana tourist destination.
      6030 E State Road 16, Monticello, IN 47960
      View Details
    • Contact for pricing
      3,864 SF

      Monticello Office Condo Investment

      Fully leased office condo in downtown Monticello with corporate tenant.
      301 N Main St, Monticello, IN 47960
      View Details
    • $499,000
      1.89 Acres

      Monticello Commercial Office Building

      High-visibility office space, ample parking.
      506 Country Ln, Monticello, IN 47960
      View Details
    • $350,000
      0.24 Acres

      Lake Shafer Resort: 6 Units

      Prime Waterfront Retreat near Indiana Beach
      4945 Indiana Beach Rd, Monticello, IN 47960
      View Details
    • Contact for pricing

      Waterfront Multifamily Resort Opportunity

      55-unit waterfront multifamily asset near Indiana Beach.
      4983 E Indiana Beach Rd, Monticello, IN 47960
      View Details
    • $1,299,000
      3,376 SF

      Lakefront Resort Hotel Investment

      Turnkey Hotel, High ROI, Lake Shafer
      5088 Indiana Beach Rd, Monticello, IN 47960
      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 $17,900.
    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
    Request Owner's contact information
    2941 E 225 N Monticello, IN 47960
    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.
    2941 E 225 N
    Monticello, IN 47960
    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
    2941 E 225 N Monticello, IN 47960
    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

    We can help!
    Listing Contact
    Chris Thayer
    Chris Thayer
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!