12150 N US HWY 421, Monticello, IN 47960

This fully leased, multi-tenant retail property is configured as three suites (Units A, B, and C) totaling approximately 4,376 SF. Current tenant operations include a diner, bakery, and dog grooming business. Lease terms are secured through 1/1/2028. The property is described as extensively renovated, with updates including a new roof, siding, windows, doors, electrical, plumbing, a paved parking lot, and a lighted roadside sign. Interior commercial-grade buildout is in place, and most fixtures, equipment, and furnishings are reported to transfer with the sale. Total gross rental income is $3,200 per month ($38,400 annually).

Located at 12150 N US HWY 421 in Monticello, Indiana (Carroll County), the property is positioned along US Hwy 421, serving local traffic and described seasonal demand tied to nearby lakes and attractions. Operating expenses are handled through tenant reimbursements, with Units A and B allocated at 40% and Unit C allocated at 20%. The pass-through includes gas/electric, sewer, trash, internet, and exterior maintenance, while ownership is primarily responsible for taxes and insurance.

For buyers or operators seeking an income-producing retail asset with long-term lease coverage, this property offers a service-based tenant mix and structured expense reimbursement. An adjacent parcel is also available for purchase, which may support future development or expansion plans depending on buyer objectives. Contact the listing broker for additional financials, lease details, and to schedule a private tour.