Waterfront Resort Property on
For Sale
Contact for pricing
5088 E Indiana Beach Rd, Monticello, IN 47960
Established resort with lake views, water access, and strong income.
Property Size3,376 SF
Price / SF$399.88
Days on Market99
Property Features for 5088 E Indiana Beach Rd
General Information
Standard status
Active
Size
3,376 SF
Class
C
Total Parking Spaces
6
Property subtype
Hospitality
Zoning
AED
Investment Type
Stabilized
Net Operating Income
$165,925
Building Details
Year Built
1940
Year Renovated
2019
Buildings
3
Stories
2
Units
6
Tenancy
Single
Listing Agency:
Raeco Realty
(765) 838-2785
Listed By:
Jason Conley · License #RB23001060
Source:
Crexi
Added: May 24
Changed: Aug 13
Last Checked: Aug 29 at 8:12PM
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 Raeco Realty
Investment Insights
Based on property information with market context.
Alexander’s Landing is a waterfront resort property located on the shores of Lake Shafer in Monticello, Indiana, minutes from Indiana Beach Amusement & Water Park. This hospitality investment features nine guest units with accommodations for up to 56 guests. The suites include kitchen amenities and gathering areas. Guests can enjoy lakefront views, direct water access with boat docking, and outdoor deck spaces. Recent improvements include a firepit area, pool heater and pool HRV system, a hot tub, and updated furniture. Alexander’s Landing is suited for vacationing families, large groups, weekend getaways, and corporate retreats. The property has a reputation as a destination, backed by guest reviews, repeat clientele, and a successful operating history. This property is an opportunity for investors seeking a short-term rental or boutique hospitality asset. The property size is 3376 square feet.
Key Highlights
- Turnkey waterfront resort property on Lake Shafer with proven income performance.
- Nine guest units accommodating up to 56 guests, ideal for various group sizes.
- Direct water access with boat docking and expansive outdoor deck spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Established resort with lake views, water access, and strong income.
Where is this resort located?
The property is located at 5088 E Indiana Beach Rd Monticello, IN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Turnkey waterfront resort property on Lake Shafer with proven income performance.; Nine guest units accommodating up to 56 guests, ideal for various group sizes.; Direct water access with boat docking and expansive outdoor deck spaces.
