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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

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.
More about this property
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