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    565 Country Ln Monticello, IN 47960

    Sponsored
    For Sale
    $238,000

    Versatile building, prime location, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a unique investment opportunity in Monticello, Indiana. Situated on a 0.76-acre lot directly across from a Walmart, this 3,872 square foot frame/metal building boasts unparalleled visibility and high foot traffic. Previously utilized as a 24-hour fitness center and a doctor's office, the adaptable layout offers immense flexibility for a variety of commercial ventures. The interior features two full bathrooms and an open floor plan, ideal for retail, office, medical, or fitness uses. The property includes a paved parking lot with nineteen spaces, ensuring ample parking for customers and employees. Its strategic location ensures consistent exposure to a large customer base, making it an attractive option for businesses seeking a thriving commercial environment. The property's versatility, combined with its prime location and high visibility, makes it an exceptional investment opportunity with significant potential for growth and return. This is a rare chance to acquire a well-positioned commercial property in a bustling area.

    Property Features for 565 Country Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2015
    Property Profile 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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.78342
    Latitude
    40.74373

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, prime location, high visibility.
    Where is this commercial real estate located?
    The property is located at 565 Country Ln Monticello, IN.
    What is the asking price?
    The asking price for this property is $238,000.
    (574) 583-3171
    Request Owner's contact information
    565 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
    565 Country Ln Monticello, IN 47960
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