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$1,375,000 -

5088 E Indiana Beach Road Monticello IN 47960

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.23
Acres

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 $160,304, offering an attractive Cap Rate of 11.66%. 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

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Property Details

Price: $1,375,000 Previously: $1,375,000 Originally: $1,375,000 Bathrooms: 0.00 MLS #: 21998697 Year Built: 1980 Township: Union Sq. Ft Total: 3,376 Type: Commercial Sale Zip Code: 47960 City: Monticello Subdivision: Empty County: White School District: Union Township School Corp High School: Wheeler High School Middle School: Union Township Middle School

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.23

Listing Office: Wisely Commercial Realty

Office Contact: armcneil@wiselycr.com

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2024 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on December 23rd, 2024 at 6:16am EST.

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