301 N Main Street, Monticello, IN 47960
sale
$249,900
|
Office
Courtesy Of Lafayette Success Group, LLC
Prime downtown Monticello commercial investment opportunity. This solid brick office condo is fully leased through January 1, 2029 with a corporate-signed lease, providing stable income and minimal landlord responsibility (owner pays taxes and insurance only). Currently operating at over a 9% CAP rate. The interior is built out with 9 private offices, cubicle space, conference/break room, partial basement, and a serviced fire suppression system. Located on a busy corner lot adjacent to multiple city and county facilities, with recently installed curbs and sidewalks enhancing access and visibility. Part of a two-unit commercial condo with separate ownership; the attached unit may also be available for sale, creating expansion or portfolio opportunities. Ideal for investors seeking strong, reliable returns or future owner-occupants planning ahead.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Carpet
- Floors: 1
- Heating System: Forced Air
- Legal Description: JOHN BARR'S ADD E PT LOT 107 & S PT LOT 108
- MLSID: 202605033
- Parking Spaces: 10
- Roof Type: Shingle
- Rooms: Office
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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