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    6030 E State Road 16 Monticello, IN 47960

    For Sale
    $1,199,500

    NNN leased Dollar General in Monticello, Indiana tourist destination.

    Property size:
    9,363 SF

    Property Features for 6030 E State Road 16

    General Information

    Size
    9,363 SF

    Building Details

    Year built
    2018

    Source: Peter Colvin Agent Peter Colvin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monticello Dollar General Investment Property

    This NNN leased Dollar General investment property is located in Monticello, Indiana, a tourist destination situated halfway between Chicago and Indianapolis. The 9,363 SF building, constructed in 2018, is positioned on a corner lot with frontage on Indiana Highway 16. The base lease term extends through June 30, 2033, with 8 years remaining, and includes 5 five-year renewal options with 10% increases. The location is near the Tippecanoe River and Lake Shafer, home to Indiana Beach Amusement Park, restaurants, pubs, wineries, shopping, waterfront resorts and river cruises. A Phase 1 Report and an ALTA Survey are available. The property is highly visible along Indiana Highway 16.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Auto Parts Store Smoke and Vape Shop Italian Restaurant Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.755178
    Latitude
    40.883824

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased Dollar General in Monticello, Indiana tourist destination.
    Where is this grocery and convenience store located?
    The property is located at 6030 E State Road 16 Monticello, IN.
    What is the asking price?
    The asking price for this property is $1,199,500.
    What are key features of this property?
    This property features: - NNN Lease with Dollar General for passive income.; - Lease through 6-30-2033, with 8 years remaining plus 5 five-year renewal options.; - Located in Monticello, Indiana, near Indiana Beach Amusement Park and Lake Shafer.
    (616) 893-1398
    Request Owner's contact information
    6030 E State Road 16 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
    6030 E State Road 16 Monticello, IN 47960
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