IN > Monticello
Monticello, IN 47960,5088 E Indiana Beach RD
Monticello, IN 47960,5088 E Indiana Beach RD
Monticello, IN 47960,5088 E Indiana Beach RD
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Listed by Adam McNeil • Wisely Commercial Realty
$1,299,000
Est. payment /mo
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3,376 SqFt
Active

5088 E Indiana Beach RD Monticello, IN 47960

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Jack Aikin

Jack Aikin

+1(317) 341-1461

UPDATED:

01/30/2025 01:47 AM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 3,376 sqft

Price per Sqft $384

MLS Listing ID 21998697

Year Built 1980

Tax Year 2023

Lot Size 10,018 Sqft

Acres 0.23

Property Description

Introducing ALEXANDER'S LANDING, a charming lakefront resort hotel located at 5088 E INDIANA BEACH RD, MONTICELLO, INDIANA. Nestled on the shores of Lake Shafer, this picturesque property is just steps away from the renowned Indiana Beach Amusement Park. Boasting nine cozy units that can accommodate up to 56 guests, this turnkey hotel has a stellar reputation, solid financials, and a high ROI. The current NOI stands at $165,925, offering an attractive Cap Rate of 12.77%. Guests at ALEXANDER'S LANDING can bask in a year-round experience with stunning lake views, two-story deck access, and convenient docking for boats. The resort's well-appointed rooms feature kitchen facilities and spacious living areas, providing a comfortable retreat for families, groups, and corporate events. With multiple awards and a 4.5-star Google rating, this top-rated hotel is a sought-after destination for those seeking relaxation and adventure in Monticello, Indiana. Embrace the opportunity to own a thriving hospitality business in a prime waterfront location - ALEXANDER'S LANDING awaits! A full offering memorandum is available on Crexi

Location

State IN

County White

Zoning Com Motels/tourist Cabins

Interior

Fireplace N

Exterior

Utilities Available Cable Connected, Electricity Connected, Gas, Sewer Connected, Well

Building

Story 2

New Construction false

Schools

Middle Schools Union Township Middle School

High Schools Wheeler High School

School District Union Township School Corp

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Jack Aikin

Agent | RBRB19000475

+1(317) 341-1461

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5088 E Indiana Beach RD

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