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5116 E Indiana Beach Road Monticello, IN $ 649,000
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5116 E Indiana Beach Road
$ 649,000
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5116 E Indiana Beach Road

Monticello, IN, 47960
$ 649,000
Bedrooms-- Baths6.0 Sq 4,530

Monthly Estimate*

$ 3,996

5116 E Indiana Beach Road, Monticello, IN 47960 - Image 1
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 2
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 3
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 4
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 5
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 6
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 7
5116 E Indiana Beach Road, Monticello, IN 47960 - Image 8
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Commercial Property for sale in Monticello, IN

for $649,000 with 6 full baths. This 4,530 square foot building was built in 1928 on a lot size of 0.67.

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

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Commercial Active

Price

$ 649,000

Full Bath

6

Property Type

Commercial

Taxes

$ 7,219

Style

Hotel & Motel

Lot Size

0.67

Year Built

1928

Town/City

Monticello

County/Region

White

MLS | Web ID

202622356
Features
General
Heating Radiator
Cooling Attic Fan Wall AC
Ceiling Height 10
Roof Metal Shingle
Parking Yes Lot Off-Street Paved Private
Water Access Type Lakefront
Sewer Regional
# of Buildings 5
Status Active Active
Bathrooms 6
Year Built 1928
New Construction No
Subdivision None
Stories Count 2
Township Union
Class COMMERCIAL
Present Use Investment Property
Type Hotel & Motel
Age 98
Business Name Victorian bay Resort
Special Features 110 Volts 220 Volts
REO No
Status Detail 0
Area White County
Location Commercial
City Monticello
Legal Description UNTALULTI ADD LOT 131 and 132
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202622356
Agent First Name Jace
Agent Last Name Hicks
DOM 2
Tax Year 2027
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Exterior
Road Access County
Exterior Block Metal Shingle
Water Frontage 120
Number of Parking Spaces 10
Waterfront Lake
Lot Size Area 29185
Lot Dimensions 120x245
Parking Type paved
Water Features Pier/Dock
Lake Ski Lake
Waterfront Y/N Yes
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Interior
Flooring Carpet Ceramic Tile Wood
Basement/Foundation Crawl Slab Michigan Basement
Walls Drywall
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* Excluded Features
List By
Jace Hicks

Listing Agent

Summerland Realty Group, Llc

Broker

leadsourcer@gmail.com

Email

Affordability Calculator

$4,598
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,996
Monthly Property Taxes
$602
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
6/9/2026$649,000 Listed Price

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5116 E Indiana Beach Road, Monticello, IN, 47960 is a Commercial Property for sale at $649,000 with 4,530 sqft and a lot size of 0.67. 5116 E Indiana Beach Road has 6.0 baths and was built in 1928. The property's zip code is 47960 which is in Monticello, IN

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