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    Property profile & analytics

    4945 Indiana Beach Rd Monticello, IN 47960

    • Commercial real estate
    • 0.24 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1606266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4945 Indiana Beach Rd

    Year built
    1953
    Lot size
    0.24 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional Lake Shafer property offers six rental units, an inground pool, multiple decks, and stunning waterfront views with private dock access. The main house boasts two bedrooms, an office, and an open-concept living/dining area. Nestled minutes from Indiana Beach, this 0.24-acre lot presents a unique investment opportunity. The multilevel design and expansive decks provide ample space for outdoor enjoyment, while the variety of cozy accommodations cater to diverse guest needs. Whether envisioned as a thriving short-term rental business or a private family compound, this property offers flexible potential. Enjoy breathtaking lake views from almost every vantage point, creating a picturesque lakeside retreat. The property's location near Indiana Beach provides easy access to local attractions and entertainment, enhancing its appeal to both guests and owners. The combination of rental income potential, desirable amenities, and prime waterfront location makes this a rare and highly sought-after property. This is a truly exceptional opportunity to own a piece of Lake Shafer's beauty and tranquility. Don't miss this chance to acquire a unique and highly desirable waterfront investment.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.77543
    Latitude
    40.79226

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      Lake Shafer Land with Water Access

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    Similar Nearby for Sale

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      5088 Indiana Beach Rd, Monticello, IN 47960
      View Details
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      Downtown Monticello Office Space

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    Similar Nearby for Lease

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    • $2,000 /Mo
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      Downtown Monticello Office Space

      1,827 SF office space for rent in Monticello.
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    • $2,500 /Mo
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    • $8 SF/Yr
      11,100 SF

      R&J Plaza: Monticello Retail Space

      High-exposure retail space available in prime location.
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    4945 Indiana Beach Rd
    Monticello, IN 47960
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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
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