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$ 989,000
Est. payment /mo
Price Dropped by $110K
4849 E Indiana Beach Road Monticello, IN 47960
0.66 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel & Motel
Listing Status Active
Purchase Type For Sale
Subdivision Untalulti
MLS Listing ID 202521899
Year Built 1940
Annual Tax Amount $4,144
Tax Year 2025
Lot Size 0.663 Acres
Property Sub-Type Hotel & Motel
Property Description
PRICE REDUCED !! Turn-Key Lake Shafer Resort – Prime Location and Strong Revenue … Turn Your Investment Dreams Into Reality. Located across the street from Indiana Beach, in Monticello, Indiana, the Dockside Lake Resort offers 12 charming cottages/units with exceptional cash flow and endless potential. Each rental unit has been thoughtfully updated with metal roofing, modern flooring, refreshed kitchens, upgraded appliances, A/C units, and stylish furniture … all designed for comfort and longevity for visiting guests. Enjoy the newly installed 33x16 pool … complete with updated mechanicals, a sleek metal fence, and expanded concrete walkways and patios creating a welcoming outdoor space for those seeking a quaint and charming spot. The 54 feet of prime Lake Shafer frontage provides breathtaking main lake views, multiple piers, and a durable steel seawall for added security. With year-round units ensuring consistent income, this low-maintenance resort features vinyl siding and fresh exterior enhancements. In addition, bonus living areas attached to the office could easily be converted into an additional rental unit or private owner/manager quarters. This is your chance to acquire a fully operational, high-performing lakefront property with room to grow. The Dockside Lake Resort is a fantastic place to turn your investment dreams into reality.
Location
State IN
County White County
Area White County
Direction NW Shafer Drive to North Entrance of Indiana Beach Amusement Park. Resort is first on the left. Dockside
Interior
Flooring Carpet, Tile, Vinyl
Appliance Building, Business, Furniture, Land, Inventory
Exterior
Waterfront Description Lake
Roof Type Metal
Building
Story 1
New Construction No
Others
Virtual Tour https://my.matterport.com/show/?m=CpKU38DNV9v
IDX information provided by the Indiana Regional MLS
Listed by Gregory Vogel II, Gri • VOGEL REAL ESTATE • [email protected]