5088 Indiana Beach RdMonticello, IN 47960

Property Details for 5088 Indiana Beach Rd

Year built

1980

Lot size

0.23 AC

Property size (Sq ft)

3,376 SF

Property type

Other commercial real estate

Description

Exceptional opportunity to acquire Alexander's Landing, a thriving nine-unit lakefront resort hotel situated on 0.23 acres at 5088 E Indiana Beach Road, Monticello, Indiana. This established property enjoys a prime location steps from Indiana Beach Amusement Park and offers stunning views of Lake Shafer. The 3,376 square foot hotel boasts a stellar reputation, evidenced by its 4.5-star Google rating and numerous awards, and consistently delivers strong financial performance. Currently generating a Net Operating Income (NOI) of $165,925, resulting in an attractive capitalization rate of 12.77%, this turnkey operation provides immediate cash flow. The nine units comfortably accommodate up to 56 guests, making it ideal for families, groups, and corporate events. Amenities include a two-story deck with lake views and convenient boat docking. Each well-appointed unit features kitchen facilities and spacious living areas, ensuring a comfortable stay for all guests. This is a rare chance to own a successful hospitality business in a highly desirable waterfront location. A comprehensive offering memorandum is available.

Location Insight

City

Monticello

County

White

State

Indiana

Latitude

40.791

Longitude

-86.7736

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