About 5116 E Indiana Beach Road
5116 E Indiana Beach Road, Monticello, Indiana Exceptional Multi-Unit Investment Property Near Indiana Beach & Lake Shafer Presenting a rare opportunity to acquire a versatile hospitality and investment property in one of Monticello's most recognized recreational corridors. Located just moments from Indiana Beach, Lake Shafer, and the area's numerous boating, fishing, and entertainment attractions, this unique offering combines income-producing accommodations with comfortable owner occupancy in a highly desirable destination market. Comprised of five separate buildings, seven rental units, and a spacious main living quarters, this property provides a distinctive blend of investment potential and operational flexibility. Whether your vision includes short-term vacation rentals, extended-stay accommodations, seasonal lodging, workforce housing, or a combination of income strategies.
Features of 5116 E Indiana Beach Road
| MLS® # | 202622356 |
|---|---|
| Price | $649,000 |
| Bathrooms | 6.00 |
| Square Footage | 29,185 |
| Acres | 0.67 |
| Year Built | 1928 |
| Type | Commercial |
| Sub-Type | Hotel & Motel |
| Status | Active |
Community Information
| Address | 5116 E Indiana Beach Road |
|---|---|
| Subdivision | None |
| City | Monticello |
| County | White County |
| State | IN |
| Zip Code | 47960 |
Amenities
| Utilities | Electric Hook-Up, Gas Hook-Up |
|---|---|
| Features | 110 Volts, 220 Volts |
| Parking Spaces | 10 |
| Parking | Lot, Off-Street, Paved, Private |
| Is Waterfront | Yes |
| Waterfront | Lake |
Interior
| Interior | Drywall |
|---|---|
| Heating | Radiator |
| Cooling | Attic Fan, Wall AC |
| # of Stories | 2 |
| Basement | Crawl, Slab, Michigan Basement |
Exterior
| Exterior | Block, Metal, Shingle |
|---|---|
| Lot Description | Waterfront, Waterfront-Level Bank |
| Roof | Metal, Shingle |
| Construction | No |
| Lake Type | Ski Lake |
| Water Name | Lake Shafer |
Additional Information
| Days on Market | 94 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jace Hicks |
|---|---|
| Office | Summerland Realty Group, LLC |