5116 East Indiana Beach Road, Monticello, IN 47960

Building Details

Year Built

1928

Listing agent Jace Hicks License #RB21000474

Listing office Summerland Realty Group, LLC

Listing date Jun 10, 2026

Source Crexi

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 Summerland Realty Group, LLC

Report an issue

---

Overview

This for-sale hospitality and residential income property features five separate buildings with seven rental units plus a spacious main living quarters for owner occupancy. The layout is designed to support multiple accommodation options within a single ownership, creating operational flexibility for how the units are used and managed.

The property is located at 5116 East Indiana Beach Road in Monticello, Indiana, in a well-known recreational corridor. It is presented as being just moments from Indiana Beach and Lake Shafer, with access to area boating, fishing, and entertainment attractions.

With multiple units spread across several buildings, the offering may fit buyers seeking an on-site setup that blends income-producing accommodations with space to live on the property. The current configuration supports a range of hospitality approaches consistent with the stated unit mix, including short-term vacation rentals and seasonal lodging, as well as extended-stay or combination strategies depending on the operator’s plan.

Suggested Use

Restaurant Real Estate Agency Storage Facility Hotel & Motel Garden Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Travel Agency Bed & Breakfast Arcade & Gaming Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Monticello

County

White

State

Indiana

Longitude

-86.7731683

Latitude

40.7907434

Nearby Similar for Sale

• 

  $995,000

  High-Traffic Retail Opportunity

  Prime retail location with high visibility and ample parking.

  115 N Sixth Street, Monticello, IN 47960

  View Details
• 

  $239,900

  1,592 SF

  Updated Duplex Residential Income

  An updated duplex with low-maintenance exterior and month-to-month tenant occupancy.

  508 Foster Street, Monticello, IN 47960

  View Details
• 

  $229,900

  1,664 SF

  Well-Maintained Duplex with Two Decks

  Two-unit residential income property with updated vinyl windows and one renovated unit featuring a newer kitchen and appliances.

  504 Foster Street, Monticello, IN 47960

  View Details
• 

  $219,900

  1,664 SF

  Well-Cared-For Duplex With Decks

  Well-maintained duplex with updated A/C, vinyl windows, plank flooring, and wood decks for comfortable, manageable residential income.

  506 Foster Street, Monticello, IN 47960

  View Details
• 

  $239,900

  1,696 SF

  Well-Maintained Duplex with Updates

  Updated duplex offering durable exterior improvements and two units with private concrete patio space.

  502 Foster Street, Monticello, IN 47960

  View Details
• 

  $149,900

  1,792 SF

  Storage Building Near Lake Shafer

  Well-maintained storage building with electric and multiple overhead doors.

  LOT 4 Neininger Drive, Monticello, IN 47960

  View Details
• 

  $1,199,990

  2,900 SF

  Lake Freeman Multi-Purpose Property

  3.90-acre mixed-use property with lake frontage in Monticello, Indiana.

  11810 W 820 North Crossroads, Monticello, IN 47960

  View Details
• 

  $225,000

  2,133 SF

  Monticello Duplex: Investment Opportunity

  Well-maintained duplex in Monticello, Indiana, ideal for investment.

  318 S Illinois Street, Monticello, IN 47960

  View Details
• 

  $699,000

  Monticello Self-Storage Investment Opportunity

  60-unit self-storage facility with expansion potential on 5.4 acres.

  1626 N State Road 39, Monticello, IN 47960

  View Details
• 

  $1,050,000

  Turnkey Lakefront Resort Opportunity

  Premier lakefront resort with updated units and strong rental potential.

  2373 N Untalulti Drive, Monticello, IN 47960-1241

  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

FAQs

What type of property is this?

Resort - Five buildings with seven rental units and an owner residence near Indiana Beach and Lake Shafer.

Where is this resort located?

The property is located at 5116 East Indiana Beach Road Monticello, IN.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: Built in 1928 multi‑unit property near Indiana Beach and Lake Shafer (5116 E Indiana Beach Road, Monticello, IN); Five separate buildings with seven rental units; Includes a spacious main living quarters for owner occupancy