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    12150 Us-421 Monticello, IN 47960

    Sponsored
    For Sale
    $499,000

    Profitable, Turnkey Retail Space

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,500 square foot retail center, located at 12150 N US-421 in Monticello, Indiana, presents a unique investment opportunity. The property, a single-story building constructed in 1974 and renovated four years ago, boasts 100% occupancy and includes a 24-space paved parking lot. Situated on a 0.073-acre lot with additional open space for potential expansion, this mixed-use storefront and shopping center benefits from its location on a busy highway. The property features a gross lease structure and is currently operating as a restaurant business, established for over three years with a loyal customer base. The sale includes the building and the existing business, offering a turnkey operation with immediate revenue potential. Alternatively, the space could be adapted to suit a variety of retail uses. The property is zoned commercial and has an APN of 08-04-03-000-228.000-011. The asking price is $499,000. This sale-leaseback opportunity offers significant upside potential for investors seeking a high-return, established business. The property's recent renovations, including roof, siding, and windows, ensure minimal immediate maintenance needs. The high visibility location and ample parking make this an attractive option for both established and emerging businesses.

    Property Features for 12150 Us-421

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,500 SF
    Lot Size
    3,180 SF

    Building Details

    Year Built/Renovated
    1974/4
    Buildings
    1
    Stories
    1

    HighLights

    • 100% Occupancy.
    • High‑Demand Location.
    • Strong Tenant Roster.
    • Excellent Lease Terms.
    • Significant Upside Potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Monticello
    County
    Carroll
    State
    Indiana
    Longitude
    -86.7534029
    Latitude
    40.7250777

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    FAQs

    What type of property is this?
    Lifestyle center - Profitable, Turnkey Retail Space
    Where is this lifestyle center located?
    The property is located at 12150 Us-421 Monticello, IN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 100% Occupancy.; High-Demand Location.; Strong Tenant Roster.
    Request Owner's contact information
    12150 Us-421 Monticello, IN 47960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12150 Us-421 Monticello, IN 47960
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