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    506 Country Ln Monticello, IN 47960

    For Sale
    $499,000

    High-visibility office space, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, situated at 506 S Country Lane in Monticello, Indiana, presents a compelling investment opportunity. The 1.89-acre lot boasts a highly visible location on a well-traveled road within an established area of town. The building itself offers significant potential, currently configured as a single unit but readily adaptable for division into multiple, independent spaces. Key features include ample paved parking, ensuring convenient access for clients and employees. Further enhancing its appeal is prominent street signage, maximizing visibility and attracting potential customers. Accessibility is ensured with an ADA-compliant access ramp, catering to a diverse clientele. A substantial pole barn provides valuable additional storage space, ideal for equipment, inventory, or other business needs. This property is perfect for an investor seeking a strong return or a business owner looking to establish a prominent presence in a thriving community. The building's flexible layout and desirable location make it an attractive prospect for a variety of commercial ventures. The asking price is $499,000. Don't miss this chance to acquire a prime commercial property in a prime location.

    Property Features for 506 Country Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    82,328 SF

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.78422
    Latitude
    40.74471

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility office space, ample parking.
    Where is this commercial real estate located?
    The property is located at 506 Country Ln Monticello, IN.
    What is the asking price?
    The asking price for this property is $499,000.
    (765) 490-5926
    Request Owner's contact information
    506 Country Ln 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
    506 Country Ln Monticello, IN 47960
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