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    4945 Indiana Beach Rd Monticello, IN 47960

    Sponsored
    For Sale
    $350,000

    Prime Waterfront Retreat near Indiana Beach

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional Lake Shafer property offers six rental units, an inground pool, multiple decks, and stunning waterfront views with private dock access. The main house boasts two bedrooms, an office, and an open-concept living/dining area. Nestled minutes from Indiana Beach, this 0.24-acre lot presents a unique investment opportunity. The multilevel design and expansive decks provide ample space for outdoor enjoyment, while the variety of cozy accommodations cater to diverse guest needs. Whether envisioned as a thriving short-term rental business or a private family compound, this property offers flexible potential. Enjoy breathtaking lake views from almost every vantage point, creating a picturesque lakeside retreat. The property's location near Indiana Beach provides easy access to local attractions and entertainment, enhancing its appeal to both guests and owners. The combination of rental income potential, desirable amenities, and prime waterfront location makes this a rare and highly sought-after property. This is a truly exceptional opportunity to own a piece of Lake Shafer's beauty and tranquility. Don't miss this chance to acquire a unique and highly desirable waterfront investment.

    Property Features for 4945 Indiana Beach Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Department Store Cafe & Coffee Shop Storage Facility Pawn Shop Travel Agency Bed & Breakfast Arcade & Gaming Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.77543
    Latitude
    40.79226

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Waterfront Retreat near Indiana Beach
    Where is this commercial real estate located?
    The property is located at 4945 Indiana Beach Rd Monticello, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (574) 583-3171
    Request Owner's contact information
    4945 Indiana Beach Rd Monticello, IN 47960
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    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
    4945 Indiana Beach Rd Monticello, IN 47960
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