Fully Leased Retail Strip
For Sale
Contact for pricing
12150 N US HWY 421, Monticello, IN 47960
Retail strip center with three leased suites along US Hwy 421, with recent exterior and structural upgrades in place.
Property Size4,376 SF
Price / SF$91.18
Days on Market136
Property Features for 12150 N US HWY 421
General Information
Standard status
Active
Size
4,376 SF
Class
B
Total Parking Spaces
18
Property subtype
Retail
Zoning
B-1
Occupancy
100%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$34,471
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Furnished
Yes
Building Details
Year Built
1974
Year Renovated
2015
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Lafayette
Listed By:
Shane Childers · License #RB22002269
Source:
Crexi
Added: Apr 24
Changed: Aug 27
Last Checked: Sep 5 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Lafayette
Investment Insights
Based on property information with market context.
This fully leased retail strip center includes approximately 4,400 SF across three tenant suites. Leases are in place through January 1, 2028, supporting annual rent of $38,400 and estimated net income of approximately $34,471. Recent ownership improvements include a new roof, siding, windows, a paved parking lot, and other site upgrades. Commercial-grade FF&E, including kitchen equipment, refrigeration, bar buildout, and dining fixtures, will transfer with the sale. The building also features 2x6 insulated walls to help mitigate sound between tenants. A fully fenced 5,400 SF rear area is included to support pet-related use.
The property is positioned along US Hwy 421 in Monticello, Indiana, serving both year-round residents and heavy seasonal tourism tied to Lake Shafer, Lake Freeman, and Indiana Beach.
An adjacent lot is available as an additional value component, offering options for expansion, redevelopment, or a pad site depending on buyer plans.
The property is positioned along US Hwy 421 in Monticello, Indiana, serving both year-round residents and heavy seasonal tourism tied to Lake Shafer, Lake Freeman, and Indiana Beach.
An adjacent lot is available as an additional value component, offering options for expansion, redevelopment, or a pad site depending on buyer plans.
Key Highlights
- 1974‑built retail strip center with three tenant suites totaling approx. 4,400 SF
- Fully leased through Jan 1, 2028, with annual rent roll of $38,400 and net income approx. $34,471
- Recent exterior and structural upgrades include new roof, siding, windows, and paved parking lot/site improvements
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center with three leased suites along US Hwy 421, with recent exterior and structural upgrades in place.
Where is this strip mall located?
The property is located at 12150 N US HWY 421 Monticello, IN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1974‑built retail strip center with three tenant suites totaling approx. 4,400 SF; Fully leased through Jan 1, 2028, with annual rent roll of $38,400 and net income approx. $34,471; Recent exterior and structural upgrades include new roof, siding, windows, and paved parking lot/site improvements
