Back to Search

Turnkey Lakefront Resort Property

2373 N Untalulti Drive, Monticello, IN 47960

View on Map

For Sale

$1,050,000

COMMERCIAL - Monticello, IN

Lot size:

0.66 Acres

HighLights

Lakefront resort with 11 updated units, including a spacious 2‑bedroom unit that could serve as owner’s quarters
Over 300 feet of Lake Shafer waterfront with piers and a scenic lakeside walkway
Resort amenities include an in‑ground pool with pool house and game room
Outdoor recreation on‑site with a playground, kayaks, paddleboats, and cornhole
Multiple firepits and patio areas for guest gathering and relaxation
Metal roof; off‑street parking; wall unit(s) cooling; mixed flooring; built in 1933

We can help!

Contact an agent

John Koppelmann, CRS, e-PRO, GRI, SRES

For Sale

$1,050,000

COMMERCIAL - Monticello, IN

Lot size:

0.66 Acres

Added:: Jul 31, 2025
Days on Market:: 338
Last Refresh:: Jul 3 at 6:06 am

Property Features for 2373 N Untalulti Drive

General Information

Property type: Commercial Sale
Property subtype: Other
Rooms: Basement
Parking features: Off Street
Standard status: Active
APN: 91-73-16-000-015.500-020
Lot size: 0.66 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: UNTALULTI ADD LOT 29, 30 & 50' E/S LOT 31
Tax Annual Amount: 6080

Utilities

Cooling system: Multi Units, Wall Unit(s)
Water front features: Lake
Water front: 1

Building Details

Year built: 1933
Flooring type: Mixed
Roof type: Metal

We can help!

Contact an agent

John Koppelmann, CRS, e-PRO, GRI, SRES

Listing agent John Koppelmann, CRS, e-PRO, GRI, SRES

Listing office Koppelmann Real Estate 209 N Main St, Monticello, IN

Listing date Jul 31, 2025

MLS# 202530473

Copyright © 2026 White County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Lakefront resort with 11 updated units, including a spacious 2‑bedroom unit that could serve as owner’s quarters
Over 300 feet of Lake Shafer waterfront with piers and a scenic lakeside walkway
Resort amenities include an in‑ground pool with pool house and game room
Outdoor recreation on‑site with a playground, kayaks, paddleboats, and cornhole
Multiple firepits and patio areas for guest gathering and relaxation
Metal roof; off‑street parking; wall unit(s) cooling; mixed flooring; built in 1933

Overview

This turnkey lakefront hospitality property operates as a resort featuring 11 updated units, including a spacious 2-bedroom that could function as an owner's quarters. The setting is centered on Lake Shafer with over 300 feet of waterfront, supported by piers and a scenic lakeside walkway. Outdoor spaces are designed for guest use and gatherings, with multiple patio areas and firepits, as well as access to recreational equipment.

Resort amenities include an in-ground pool with an accompanying pool house and game room, plus a playground. Guest experiences also include kayaks and paddleboats, along with cornhole. The property is described as being just a short walk from Indiana Beach Amusement Park, providing convenient proximity to local recreation.

For an operator or buyer seeking a ready-to-run hospitality asset, the combination of multiple lodging units, on-site pool and game space, and dedicated waterfront access supports a guest-focused resort concept. The presence of an owner's quarters option can also accommodate an owner-operator approach while maintaining daily guest amenities and common-area recreation on the property.

Property Profile Location Intelligence

Current Use by Public Records

Resorts

Suggested Use

Location Insight

Map
Local Demand

City: Monticello
County: White
State: Indiana
Longitude: -86.77407
Latitude: 40.788347

Nearby Similar for Sale

$995,000

Flex-Industrial Building with Overhead Doors

Well-partitioned flex-industrial property on a corner lot with 3 overhead doors, 12' ceiling clearance, and recently sealed parking.

115 N Sixth Street, Monticello, IN 47960

View Details
$439,000

Multi-Tenant Retail Property

Fully leased retail property with three suites and leases in place through 1/1/2028.

12150 N US HWY 421, Monticello, IN 47960

View Details
$239,900

1,592 SF

Updated Duplex with Patios

Updated duplex offers month-to-month tenant occupancy and a low-maintenance exterior with patios and an outdoor shed.

508 Foster Street, Monticello, IN 47960

View Details
$229,900

1,664 SF

Well-Kept Duplex With Outdoor Decks

A maintained duplex setup with updated interiors and vinyl windows, offering flexible living-and-rental options.

504 Foster Street, Monticello, IN 47960

View Details
$239,900

1,696 SF

Well-Maintained Duplex with Patios

A cared-for duplex featuring vaulted ceilings, updated mechanicals, and a new roof for dependable residential income use.

502 Foster Street, Monticello, IN 47960

View Details
$219,900

1,664 SF

Well-Cared-For Duplex With Decks

Duplex with updated windows, flooring, and A/C units, plus wood decks and a utility shed for tenant storage.

506 Foster Street, Monticello, IN 47960

View Details
$299,900

Historic Barn with Loft Space

For sale in Monticello with full city utilities and R-2 zoning, offering substantial storage and flexible interior space.

720 W Washington Street, Monticello, IN 47960

View Details
$225,000

2,133 SF

Two-Unit Residential Income Property

Well-maintained two-unit home with separate layouts, including three bedrooms and a split-level two-bedroom unit.

318 S Illinois Street, Monticello, IN 47960

View Details
$699,000

Self Storage Facility with Leasable Garages

A 60-unit self-storage facility plus two large garages offered for separate lease, supporting flexible revenue streams.

1626 N State Road 39, Monticello, IN 47960

View Details
$199,000

Downtown Monticello Office Space

Prime office space for sale in downtown Monticello, Indiana.

116 Constitution Plaza, Monticello, IN 47960

View Details
$1,156,714

9,363 SF

Monticello Dollar General Investment Property

NNN leased Dollar General in Monticello, Indiana tourist destination.

6030 E State Road 16, Monticello, IN 47960

View Details
$1,350,000

3,376 SF

Waterfront Resort Property on Lake

Established resort with lake views, water access, and strong income.

5088 E Indiana Beach Rd, Monticello, IN

View Details

For sale
Resorts
IN
Monticello
47960
2373 N Untalulti Drive

What type of property is this?

Resort - Turnkey lakefront resort with 11 updated units and extensive outdoor amenities, including piers and waterfront recreation.

Where is this resort located?

The property is located at 2373 N Untalulti Drive Monticello, IN.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Lakefront resort with 11 updated units, including a spacious 2‑bedroom unit that could serve as owner’s quarters; Over 300 feet of Lake Shafer waterfront with piers and a scenic lakeside walkway; Resort amenities include an in‑ground pool with pool house and game room

2373 N Untalulti Drive, Monticello, IN 47960

COMMERCIAL - Monticello, IN

Property Features for 2373 N Untalulti Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex-Industrial Building with Overhead Doors

Multi-Tenant Retail Property

Updated Duplex with Patios

Well-Kept Duplex With Outdoor Decks

Well-Maintained Duplex with Patios

Well-Cared-For Duplex With Decks

Historic Barn with Loft Space

Two-Unit Residential Income Property

Self Storage Facility with Leasable Garages

Downtown Monticello Office Space

Monticello Dollar General Investment Property

Waterfront Resort Property on Lake

FAQs