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    8895 Us-35 Monterey, IN 46960

    For Sale
    $349,500

    High-yield storage units & acreage.

    Property size:
    8,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a lucrative portfolio of 38 income-generating storage units situated on a sprawling 14.38-acre lot in Monterey, Indiana. The property boasts a total of 8,602 square feet of building space, including 5,100 square feet dedicated to the 38 storage units (16 units measuring 10'x20', 16 units at 10'x10', and 6 units sized 5'x10'). Currently, 32 of the 38 units are leased, ensuring a strong, immediate return on investment. Beyond the storage units, the property includes a 3,502 square-foot single-family home. The expansive acreage offers significant potential for additional revenue streams. Consider leasing the remaining space for outdoor parking, utilizing the billboard for advertising revenue, or renting the approximately 8 acres of tillable land to a local farmer. The property enjoys excellent visibility and accessibility, with 497.8 feet of frontage on US-35, providing convenient access for both tenants and potential renters. Located just south of Bass Lake, this property presents a compelling combination of established income and significant upside potential. The asking price is $349,500, with a price per square foot of $40.63. The property's APN is 75-10-35-400-033.000-002. This is a turnkey operation ready for a new owner to step in and continue the success. Directions from I-65 are available.

    Property Features for 8895 Us-35

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,602 SF
    Lot Size
    626,393 SF

    Building Details

    Units
    38

    HighLights

    • 38 income‑generating storage units on a 14.38‑acre lot in Monterey, Indiana.
    • 8,602 square feet total building area, including 5,100 square feet of storage units (various sizes).
    • 32 of 38 units currently leased, providing strong cash flow.
    • Includes a 3,502‑square‑foot single‑family home.
    • Excellent visibility and accessibility with 497.8 feet of US‑35 frontage.
    • Asking price: $349,500 ($40.63/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monterey
    County
    Starke
    State
    Indiana
    Longitude
    -86.603038
    Latitude
    41.173143

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield storage units & acreage.
    Where is this mixed-use property located?
    The property is located at 8895 Us-35 Monterey, IN.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: 38 income-generating storage units on a 14.38-acre lot in Monterey, Indiana.; 8,602 square feet total building area, including 5,100 square feet of storage units (various sizes).; 32 of 38 units currently leased, providing strong cash flow.
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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
    8895 Us-35 Monterey, IN 46960
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