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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.
| DAYS ON MARKET | 102 | LAST UPDATED | 6/9/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1928 |
| COUNTY | White | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Attic Fan |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Water Heater, Water Softener |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Block, Metal Siding, Shingle Siding |
| LOT | 0.67 acre(s) |
| LOT DIMENSIONS | 120x245 |
| PARKING | Off Street, Paved, Private, Parking Lot |
| STORIES | 2 |
| SUBDIVISION | None |
| TAXES | 7219 |
| UTILITIES | Electricity Available, Natural Gas Available |
| WATER ACCESS | Lake Shafer |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake Front, Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Jace Hicks, Summerland Realty Group, LLC
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: 9/19/26 8:26 AM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 9/19/26 8:26 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
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