565 Country LnMonticello, IN 47960

Property Details for 565 Country Ln

Year built

2015

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

3,872 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

91-73-32-000-009.000-020

APU

917332000009000020

Description

This exceptional commercial property presents a unique investment opportunity in Monticello, Indiana. Situated on a 0.76-acre lot directly across from a Walmart, this 3,872 square foot frame/metal building boasts unparalleled visibility and high foot traffic. Previously utilized as a 24-hour fitness center and a doctor's office, the adaptable layout offers immense flexibility for a variety of commercial ventures. The interior features two full bathrooms and an open floor plan, ideal for retail, office, medical, or fitness uses. The property includes a paved parking lot with nineteen spaces, ensuring ample parking for customers and employees. Its strategic location ensures consistent exposure to a large customer base, making it an attractive option for businesses seeking a thriving commercial environment. The property's versatility, combined with its prime location and high visibility, makes it an exceptional investment opportunity with significant potential for growth and return. This is a rare chance to acquire a well-positioned commercial property in a bustling area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,829,195

  6.5%

  $1,688,488

  7%

  $1,567,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,270,906

  Geo Method

  $1,270,906

• Alternative Use

  Use

  Valuation

  Residential

  $1,424,303

  Hospitality

  $1,304,654

  Educational

  $1,085,456

  Medical

  $1,122,787

  Retail

  $1,688,488

Location Insight

City

Monticello

County

White

State

Indiana

Latitude

40.7436

Longitude

-86.7835

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.