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    Waterfront Resort Motel Conversion
    Updated: Apr 12
    Waterfront Resort Motel Conversion

    5057 E Indiana Beach Rd, Monticello, IN 47960

    Contact for pricing
    Waterfront resort motel with 33 units, including daily guest rooms and one- and two‑bedroom quarters
    Includes a 2‑story home with 4 bedrooms and 3 bathrooms for owner living
    On‑site manager’s quarter with 2 bedrooms and 2 bathrooms
    Boat slips for visitors at the waterfront property
    Recently improved property, with plans approved to get a flag system
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in Monticello, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    37-Room Exterior-Corridor Motel
    37-Room Exterior-Corridor Motel

    9112 S Cottage Grove Ave, Chicago, IL 60619

    $2,399,000
    11,848 sqft 0.41 AC lot

    Two-story hospitality property with main-level parking and B3-2 Commercial zoning.

    View details
    34-Room Motel with Expansion Land
    34-Room Motel with Expansion Land

    1824 E Main St, Danville, IL 61832

    $500,000
    20,077 sqft 0.92 AC lot

    Operating hospitality property with exterior-entry rooms, an apartment, vacant parcels, and a recently installed roof.

    View details
    34-Room Motel with Expansion Land
    34-Room Motel with Expansion Land

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot

    Operating exterior-entry motel with an on-site apartment and additional parcels along Danville’s East Main Street corridor.

    View details
    37-Room Exterior-Corridor Motel
    37-Room Exterior-Corridor Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,399,000
    0.42 AC lot

    Two-story lodging property with central air, main-level parking, and B3-2 Commercial zoning.

    View details

    Off-Market Properties in Monticello, IN

    Consider similar Off-Market properties in Monticello, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1969 Shafer Dr
    HOTEL/MOTEL

    1969 Shafer Dr, Monticello, IN 47960-1579

    $225,000
    Estimated value
    17,872 sqft 7.57 AC lot
    View details
    5057 Indiana Bch Rd
    MOTEL

    5057 Indiana Bch Rd, Monticello, IN 47960-1266

    $270,000
    Estimated value
    0.18 AC lot
    View details
    4983 Indiana Bch Rd
    HOTEL/MOTEL

    4983 Indiana Bch Rd, Monticello, IN 47960-1268

    $195,000
    Estimated value
    5,360 sqft 0.30 AC lot
    View details
    4983 Indiana Bch Rd
    HOTEL/MOTEL

    4983 Indiana Bch Rd, Monticello, IN 47960-1268

    $220,000
    Estimated value
    725 sqft 0.41 AC lot
    View details
    5029 Indiana Bch Rd
    HOTEL/MOTEL

    5029 Indiana Bch Rd, Monticello, IN 47960-1266

    $220,000
    Estimated value
    1,584 sqft 0.39 AC lot
    View details
    4925 Indiana Bch Rd
    HOTEL/MOTEL

    4925 Indiana Bch Rd, Monticello, IN 47960-1268

    $160,000
    Estimated value
    3,432 sqft 0.23 AC lot
    View details
    4983 Indiana Bch Rd
    HOTEL/MOTEL

    4983 Indiana Bch Rd, Monticello, IN 47960-1268

    $220,000
    Estimated value
    2,466 sqft 0.40 AC lot
    View details
    5057 Indiana Bch Rd
    HOTEL/MOTEL

    5057 Indiana Bch Rd, Monticello, IN 47960-1266

    $220,000
    Estimated value
    4,560 sqft 0.22 AC lot
    View details
    1273 Broadway St
    HOTEL/MOTEL

    1273 Broadway St, Monticello, IN 47960-1880

    $225,000
    Estimated value
    8,874 sqft 1.65 AC lot
    View details
    304 6th St
    HOTEL/MOTEL

    304 6th St, Monticello, IN 47960-8174

    $520,000
    Estimated value
    33,291 sqft 5.56 AC lot
    View details
    12926th N 1225th W
    HOTEL/MOTEL

    12926th N 1225th W, Monticello, IN 47960-4739

    $255,000
    Estimated value
    1,278 sqft 0.26 AC lot
    View details

    Monticello, IN Motels Market Trends and Statistics

    Explore 12 motels for sale in Monticello, IN on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 3
    Resorts 2
    Motels 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) +5.2%
    Median Household Income $61,087
    College Educated 24.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $33.92 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in White County

    New Delisted

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    Real Estate Network
    902 N. Sixth St. Monticello, IN 47960
    Phone: 15745838181
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