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Fully leased, income-producing multi-tenant retail property located along US Hwy 421 in Monticello, serving both local traffic and strong seasonal demand from nearby lakes and attractions. The property consists of approximately 4,376 SF across three suites (Units A, B, and C), all secured with leases through 1/1/2028. The property generates total gross rental income of $3,200 per month ($38,400 annually). Tenants reimburse their share of utilities and operating expenses, allocated at 40% (Units A and B) and 20% (Unit C). These expenses"”including gas/electric, sewer, trash, internet, and exterior maintenance"”are passed through to tenants, with ownership primarily responsible for taxes and insurance. The tenant mix includes a diner, bakery, and dog grooming business, all operated by established ownership, providing stable, service-based occupancy with consistent local demand. The property has undergone extensive renovations, including new roof, siding, windows, doors, electrical, plumbing, paved parking lot, and a lighted roadside sign. Interior buildout includes commercial-grade improvements, and most fixtures, equipment, and furnishings transfer with the sale. An additional adjacent parcel is available for purchase, offering future development or expansion potential. This is an ideal opportunity for investors seeking stable income with limited landlord responsibilities and future upside through rent adjustments. Contact listing broker for additional financials, lease details, and to schedule a private tour.
| DAYS ON MARKET | 63 | LAST UPDATED | 4/24/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1974 |
| COUNTY | Carroll | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater |
| CONSTRUCTION | Block, Vinyl Siding |
| HEAT | Forced Air |
| LOT | 0.33 acre(s) |
| LOT DIMENSIONS | 100x125 |
| PARKING | Paved |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 2159.56 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with Steven Childers, Keller Williams Lafayette, Agt: 765-413-6046
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 6/26/26 3:48 PM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 6/26/26 3:48 PM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
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