8895 Us-35 Monterey, IN 46960
- Mixed-use properties
- 8,602 SF
- 14.38 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 8895 Us-35
- Lot size
- 14.38 lot acres
- Property size
- 8,602 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Starke
- State
- Indiana
- Longitude
- -86.603
- Latitude
- 41.1731
