12150 Us Hwy 421 Monticello, IN 47960-4705
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.