About 4849 E Indiana Beach Road
PRICE REDUCED !! Turn-Key Lake Shafer Resort – Prime Location and Strong Revenue … Turn Your Investment Dreams Into Reality. Located across the street from Indiana Beach, in Monticello, Indiana, the Dockside Lake Resort offers 12 charming cottages/units with exceptional cash flow and endless potential. Each rental unit has been thoughtfully updated with metal roofing, modern flooring, refreshed kitchens, upgraded appliances, A/C units, and stylish furniture … all designed for comfort and longevity for visiting guests. Enjoy the newly installed 33x16 pool … complete with updated mechanicals, a sleek metal fence, and expanded concrete walkways and patios creating a welcoming outdoor space for those seeking a quaint and charming spot. The 54 feet of prime Lake Shafer frontage provides breathtaking main lake views, multiple piers, and a durable steel seawall for added security. With year-round units ensuring consistent income, this low-maintenance resort features vinyl siding and fresh exterior enhancements. In addition, bonus living areas attached to the office could easily be converted into an additional rental unit or private owner/manager quarters. This is your chance to acquire a fully operational, high-performing lakefront property with room to grow. The Dockside Lake Resort is a fantastic place to turn your investment dreams into reality.
Features of 4849 E Indiana Beach Road
| MLS® # | 202521899 |
|---|---|
| Price | $989,000 |
| Bathrooms | 12.00 |
| Square Footage | 28,880 |
| Acres | 0.66 |
| Year Built | 1940 |
| Type | Commercial |
| Sub-Type | Hotel & Motel |
| Status | Active |
Community Information
| Address | 4849 E Indiana Beach Road |
|---|---|
| Subdivision | Untalulti |
| City | Monticello |
| County | White County |
| State | IN |
| Zip Code | 47960 |
Amenities
| Features | Living Space, Basement, Office Space |
|---|---|
| Parking | Gravel, Paved |
| Is Waterfront | Yes |
| Waterfront | Lake |
Interior
| Interior | Wood |
|---|---|
| Heating | Space, Wall Heater |
| Cooling | Central Air, Wall AC, Window |
| # of Stories | 1 |
| Basement | Crawl, Partial Basement, Slab |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Waterfront, 0-2.9999, Waterfront-High Bank |
| Roof | Metal |
| Construction | No |
| Lake Type | Ski Lake |
| Water Name | Lake Shafer |
Additional Information
| Days on Market | 127 |
|---|---|
| Zoning | AED Amusement & Entertainment District |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gregory Vogel Ii, Gri |
|---|---|
| Office | VOGEL REAL ESTATE |
| Contact Info | gvogeljr@vogel-real-estate.com |