# 12150 N US HWY 421, Monticello, IN 47960

> **TL;DR:** 0bd/2ba commercial, $439,000, built 1974. Est. $1,902/mo. Listed 38 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $439,000 |
| Bathrooms | 2 full |
| Year Built | 1974 |
| Lot Size | 14,375 sqft (0.33 acres) |
| Stories | 1 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 38 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,902 |
| **Total** | **$1,902** |

## Property Highlights

- Built in 1974
- 0.33 acre lot
- 18 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 12150 N US HWY 421, Monticello, IN 47960
- **County:** Carroll County
- **Neighborhood:** None
- **Coordinates:** 40.725069, -86.753316
- **Google Maps:** https://www.google.com/maps?q=40.725069,-86.753316

## Listing Agent

- **Name:** Steven Childers
- **Brokerage:** Keller Williams Lafayette
- **Phone:** 7658077177
- **Email:** shane@childerscre.com

## Primary Photo

![12150 N US HWY 421 - Primary Photo](http://lh.rdcpix.com/255ad379d6398cb38b1ba95291e78213l-f996817681r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/12150-n-us-hwy-421-monticello-in-47960-02614859)*

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**MLS#:** 202614859 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/12150-n-us-hwy-421-monticello-in-47960-02614859)

---

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