Corner Former Restaurant
New
For Sale
$139,900
5024 Norway Rd, Monticello, IN 47960
Corner-site restaurant property with asphalt parking and a city water tap already in place.
Property Size5,487 SF
Price / SF$25.50
Days on Market4
Property Features for 5024 Norway Rd
General Information
Standard status
Active
Size
5,487 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1979
Listing Agency:
VOGEL REAL ESTATE
Listed By:
Gregory Vogel II, Gri
(574) 808-0335
Source:
Kmsrealestategroup
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 1 at 9:40PM
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 VOGEL REAL ESTATE
Investment Insights
Based on property information with market context.
This conventional restaurant property was built in 1979 and previously operated as a restaurant. The site includes an asphalt parking lot and an on-site city water tap, while a regional sewer tap is available in the surrounding area. The existing improvements and corner-lot configuration provide a defined commercial setting for restaurant-related evaluation.
Located at 5024 Norway Rd in Monticello, the property sits along a direct route to Indiana Beach Amusement Park and US Highway 24. It is near golf courses and Lake Shafer, with two motels adjacent to the site. The property combines an established commercial location with existing parking and nearby utility infrastructure.
Located at 5024 Norway Rd in Monticello, the property sits along a direct route to Indiana Beach Amusement Park and US Highway 24. It is near golf courses and Lake Shafer, with two motels adjacent to the site. The property combines an established commercial location with existing parking and nearby utility infrastructure.
Key Highlights
- Former restaurant property built in 1979
- 5,487 property size
- Corner lot with asphalt parking lot already in place
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
53
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner-site restaurant property with asphalt parking and a city water tap already in place.
Where is this conventional restaurant located?
The property is located at 5024 Norway Rd Monticello, IN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Former restaurant property built in 1979; 5,487 property size; Corner lot with asphalt parking lot already in place
