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Property profile & analytics
OFF-MARKET
Office Spaces

506 Country Ln Ste A Monticello, IN 47960-1875

3,916 SF 1.89 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1580975
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction WOOD
Total area 3,916 SF
Lot 1.89 ac (82,154 SF)
APN 91-73-32-000-004.300-020
UPID US31-1580975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
PATRICIA A ARMSTRONG FAMILY TRUST
PATRICIA A ARMSTRONG FAMILY TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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