Lakefront Cottage
For Sale
Contact for pricing
Pending
5312 Northwest Shafer Drive, Monticello, IN 47960
Seasonal lodging operation with furnished accommodations, recreational amenities, and a separate manager’s residence.
Property SizeContact for details
Days on Market42
Property Features for 5312 Northwest Shafer Drive
General Information
Standard status
Pending
Property subtype
Hospitality
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5314
Listed By:
Damien Yoder · License #IN RB14050667
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 3:16PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Blue Door Cottages is a seasonal resort property at 5312 Northwest Shafer Drive in Monticello, Indiana. The operation includes nine rental cottages and 13 rental units, with accommodations for up to 65 guests. Units are furnished and feature full kitchens or kitchenettes. The cottages were comprehensively renovated in 2008, including replacement of electrical and plumbing systems.
Improvements include a separate two-bedroom manager’s house with the leasing office, basement laundry facilities, a swimming pool, children’s playground, boat docks, fire pits, and boat rental. Guest amenities also include on-site laundry, game and movie rentals, and wooded surroundings. The property operates from May through October, with bookings concentrated between Memorial Day and Labor Day.
The resort has frontage along Lake Shafer and is located three miles north of Indiana Beach Boardwalk Resort. Lake Shafer offers public beaches, boating, fishing, and dinner cruises. Monticello receives over 750,000 visitors annually, while Indiana Beach includes over 30 rides, six roller coasters, and a water park.
Improvements include a separate two-bedroom manager’s house with the leasing office, basement laundry facilities, a swimming pool, children’s playground, boat docks, fire pits, and boat rental. Guest amenities also include on-site laundry, game and movie rentals, and wooded surroundings. The property operates from May through October, with bookings concentrated between Memorial Day and Labor Day.
The resort has frontage along Lake Shafer and is located three miles north of Indiana Beach Boardwalk Resort. Lake Shafer offers public beaches, boating, fishing, and dinner cruises. Monticello receives over 750,000 visitors annually, while Indiana Beach includes over 30 rides, six roller coasters, and a water park.
Key Highlights
- Nine rental cottages plus 13 rental units
- Accommodates 65 guests across furnished units with full kitchens or kitchenettes
- Cottages renovated in 2008 with new electric and plumbing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
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
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Frequently Asked Questions
What type of property is this?
Resort - Seasonal lodging operation with furnished accommodations, recreational amenities, and a separate manager’s residence.
Where is this resort located?
The property is located at 5312 Northwest Shafer Drive Monticello, IN.
What are key features of this property?
This property features: Nine rental cottages plus 13 rental units; Accommodates 65 guests across furnished units with full kitchens or kitchenettes; Cottages renovated in 2008 with new electric and plumbing
