12150 Us-421 Monticello, IN 47960
- Lifestyle centers
- 4,500 SF
- 0.07 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 12150 Us-421
- Year built
- 1974
- Lot size
- 0.07 lot acres
- Property size
- 4,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Carroll
- State
- Indiana
- Longitude
- -86.7534
- Latitude
- 40.7251
