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    5088 Indiana Beach Rd Monticello, IN 47960

    Sponsored
    For Sale
    $1,299,000

    Turnkey Hotel, High ROI, Lake Shafer

    Property size:
    3,376 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    Exceptional opportunity to acquire Alexander's Landing, a thriving nine-unit lakefront resort hotel situated on 0.23 acres at 5088 E Indiana Beach Road, Monticello, Indiana. This established property enjoys a prime location steps from Indiana Beach Amusement Park and offers stunning views of Lake Shafer. The 3,376 square foot hotel boasts a stellar reputation, evidenced by its 4.5-star Google rating and numerous awards, and consistently delivers strong financial performance. Currently generating a Net Operating Income (NOI) of $165,925, resulting in an attractive capitalization rate of 12.77%, this turnkey operation provides immediate cash flow. The nine units comfortably accommodate up to 56 guests, making it ideal for families, groups, and corporate events. Amenities include a two-story deck with lake views and convenient boat docking. Each well-appointed unit features kitchen facilities and spacious living areas, ensuring a comfortable stay for all guests. This is a rare chance to own a successful hospitality business in a highly desirable waterfront location. A comprehensive offering memorandum is available.

    Property Features for 5088 Indiana Beach Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,376 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.77357
    Latitude
    40.79103

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Hotel, High ROI, Lake Shafer
    Where is this commercial real estate located?
    The property is located at 5088 Indiana Beach Rd Monticello, IN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (317) 758-5032
    Request Owner's contact information
    5088 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
    5088 Indiana Beach Rd Monticello, IN 47960
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