Waterfront Resort Motel
For Sale
Contact for pricing
Pending
5057 E Indiana Beach Rd, Monticello, IN 47960
Waterfront resort motel with 33 units, including quarters, plus an owner home and manager’s suite.
Property SizeContact for details
Days on Market142
Property Features for 5057 E Indiana Beach Rd
General Information
Standard status
Pending
Property subtype
Hospitality
Listing Agency:
Coldwell Banker Commercial NRT Chicago
Listed By:
R Shah · License #IL 475124375
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 24 at 10:32AM
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 Coldwell Banker Commercial NRT Chicago
Investment Insights
Based on property information with market context.
This waterfront resort motel offers 33 units designed across a well-planned layout that may support conversion to an apartment or multifamily use. The property includes daily guest rooms as well as one-bedroom and two-bedroom quarters. The offering also references recent improvements and approval to obtain a flag system.
In addition to the motel units, the property includes a two-story home with four bedrooms and three bathrooms, along with a manager’s quarter featuring two bedrooms and two bathrooms. The resort setting is described as waterfront, with boat slips available for visitors.
The seller notes the asset can be positioned for alternative-use scenarios including behavioral health or student housing conversion, and describes nearby amenities such as grocery stores, restaurants, and retail shopping, along with proximity to an amusement park.
In addition to the motel units, the property includes a two-story home with four bedrooms and three bathrooms, along with a manager’s quarter featuring two bedrooms and two bathrooms. The resort setting is described as waterfront, with boat slips available for visitors.
The seller notes the asset can be positioned for alternative-use scenarios including behavioral health or student housing conversion, and describes nearby amenities such as grocery stores, restaurants, and retail shopping, along with proximity to an amusement park.
Key Highlights
- Waterfront resort motel with 33 units, including daily guest rooms and one- and two‑bedroom quarters
- Includes a 2‑story home with 4 bedrooms and 3 bathrooms for owner living
- On‑site manager’s quarter with 2 bedrooms and 2 bathrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- Black Dog Inn — 2390 Untalulti Dr, Monticello, IN 47960
- Sharon - Landlord — 2353 untalulti dr, monticello, in 47960
- Bluebird Bay Resort — 4770 E Harbour Ct, Monticello, IN 47960
- Anchor Bay Resort — 2373 Untalulti Dr, Monticello, IN 47960
- Arbor Lights Resort — 5192 E Indiana Beach Rd #1264, Monticello, IN 47960
Frequently Asked Questions
What type of property is this?
Motel - Waterfront resort motel with 33 units, including quarters, plus an owner home and manager’s suite.
Where is this motel located?
The property is located at 5057 E Indiana Beach Rd Monticello, IN.
What are key features of this property?
This property features: Waterfront resort motel with 33 units, including daily guest rooms and one- and two‑bedroom quarters; Includes a 2‑story home with 4 bedrooms and 3 bathrooms for owner living; On‑site manager’s quarter with 2 bedrooms and 2 bathrooms
