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Investment Highlights

  • High Traffic Corner Lot
  • Direct Route/Linkage from US 24/Indiana Beach Amusement Park
  • Excellent visibility close to Lake Shafer

Executive Summary

Purchaser to remove building within 6 months of purchase. Easements will be added for motels to access Norway Road and utility easements to be added.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $139,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 1.10 AC
Zoning B-2 Business - B-2 Business

1 Lot Available

Lot

Price $139,900
Price Per AC $127,181.82
Lot Size 1.10 AC

Former Restaurant on Corner lot High Traffic and Visibility with direct route to Indiana Beach Amusement Park, US Highway 24. Excellent chance to Purchase a corner lot near Golf Courses, Lake Shafer & Indiana Beach Amusement Park. City Water Tap.

Description

Former Restaurant on Corner lot High Traffic and Visibility with direct route to Indiana Beach Amusement Park, US Highway 24. Excellent opportunity to purchase a corner lot near Golf Courses, Lake Shafer & Indiana Beach Amusement Park. City Water Tap on site, Regional Sewer Tap is available in area. Asphalt Parking Lot in Place, adjacent to (2) Motels. Few opportunities available on NW Shafer Drive with corner lot and parking lot already in place.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
91-73-21-000-003.703-020
Land Assessment
$99,200
Improvements Assessment
$146,300
Total Assessment
$245,500
Annual Taxes
($1)
Tax Year
2025
  • Listing ID: 41920414

  • Date on Market: 8/28/2026

  • Last Updated:

  • Address: 5024 Norway Rd, Monticello, IN 47960

Contact the Sale Advisor

5024 Norway Rd

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