506 Country Ln Ste A Monticello, IN 47960-1875
This exceptional commercial property, situated at 506 S Country Lane in Monticello, Indiana, presents a compelling investment opportunity. The 1.89-acre lot boasts a highly visible location on a well-traveled road within an established area of town. The building itself offers significant potential, currently configured as a single unit but readily adaptable for division into multiple, independent spaces. Key features include ample paved parking, ensuring convenient access for clients and employees. Further enhancing its appeal is prominent street signage, maximizing visibility and attracting potential customers. Accessibility is ensured with an ADA-compliant access ramp, catering to a diverse clientele. A substantial pole barn provides valuable additional storage space, ideal for equipment, inventory, or other business needs. This property is perfect for an investor seeking a strong return or a business owner looking to establish a prominent presence in a thriving community. The building's flexible layout and desirable location make it an attractive prospect for a variety of commercial ventures. The asking price is $499,000. Don't miss this chance to acquire a prime commercial property in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.