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Property profile & analytics
OFF-MARKET
Commercial land

12150 Us Hwy 421 Monticello, IN 47960-4705

0.09 ac lot
Individually Owned 5-yr Hold Free & Clear
Property ID
US31-3094470
Property summary
AI-generated overview

This exceptional 0.07-acre commercial lot presents a unique investment opportunity in the thriving Monticello, Indiana market. Located at 12150 N US Hwy 421, this property boasts a highly visible street frontage, ideal for a variety of commercial ventures. The strategic location offers excellent accessibility and exposure to a significant volume of daily traffic, ensuring high visibility for any business established here. The land is currently vacant, providing a blank canvas for development tailored to specific business needs. This presents a rare chance to build a custom structure perfectly suited to your operational requirements, maximizing efficiency and profitability. The asking price of $499,000 reflects the prime location and development potential of this property. Given the scarcity of available commercial land in this area, this represents a compelling investment opportunity for entrepreneurs and developers seeking a foothold in a growing market. The property's size makes it suitable for a range of commercial uses, from small retail spaces to professional offices, or even a complementary business to existing establishments in the area. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. All interested parties are advised to conduct their own due diligence regarding zoning regulations and permitted uses. The property is ready for immediate development, offering a swift path to realizing your business goals.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.09 ac (3,876 SF)
APN 08-04-03-000-228.000-011
UPID US31-3094470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mitchell A Juris · 5 yrs held
Mitchell A Juris
since 2020
3 recorded transactions
2020
Price N/A
2015
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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