Fully Leased Retail Strip
12150 N US HWY 421 Monticello, IN 47960
12150 N US HWY 421, Monticello, IN, 47960
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For Sale
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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$100.32
Days on Market91
Property Features for 12150 N US HWY 421
General Information
- Standard status
- Active
- Size
- 4,376 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
Keller Williams Lafayette
Listed by
Shane Childers · License #RB22002269
Source
Crexi
Added: Apr 24 Updated: Jul 22 at 3:09PM Checked: Jul 22 at 3:09PM
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
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
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 $439,000.
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
