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Mixed-Use Land for Sale in Monticello, Indiana

720 W Washington St, Monticello, IN 47960

$349,900
2.17 acres
Active sale
ago
Est $2,464/mo

Rare opportunity to own a truly unique and versatile property in the heart of Monticello—a well-known resort destination featuring two beautiful lakes and the iconic Indiana Beach Amusement Park. Situated on approximately 2 acres with full city utilities (water, sewer, gas, and electric), this impressive 1920s barn offers endless potential for redevelopment or immediate storage use. Originally constructed as a stable, the structure features solid concrete block construction paired with a full dimensional wood frame hip roof and interior framework that showcases its historic character. The main level offers over 4,400 square feet with a concrete floor, highlighted by two elevated rooms featuring warm knotty pine walls, wood flooring, and a charming fireplace—perfect for office, lounge, or private event space use. The expansive loft provides approximately 3,200 square feet beneath the striking hip roof, creating a dramatic open space ideal for events, dining, or creative redevelopment. The main barn measures approximately 114’ x 38’, with an additional 114’ x 18’ shed addition on the north side, partially heated, offering flexibility for storage, prep space, or expansion. With over 9,500 square feet total, this property is not only well-suited for conversion into an event venue, restaurant, brewery, or mixed-use destination, but also offers exceptional storage capacity for equipment, vehicles, inventory, or business operations. Its location in a high-traffic resort market, combined with its historic charm and substantial footprint, make it a standout investment with tremendous upside potential. Bring your vision and unlock the possibilities this one-of-a-kind property has to offer. Property is currently zone R-4.

Location

Street address
720 W Washington St
School district
Twin Lakes School Corp.
Elevation
682 feet
Coordinates
40.7474, -86.7722

Directions

From 6th st, East onto Washington St, north onto driveway that leads you back to barn. Or West end of Marion Street.

Property details

Acreage
2.168 acres
MLS #
WCAR 202612026
Posted

Property taxes

Recent
$1,262

Parcels

  • 17-33-30-000-15..200-021

Legal description

Details and features

Listing

Type
Land

Exterior

Structures
Barn(s)
Features
Barn

Nearby schools

NameTypeDistrict
MeadowlawnElementaryTwin Lakes School Corp.
RooseveltMiddleTwin Lakes School Corp.
Twin LakesHighTwin Lakes School Corp.

Listing history

DateEventPriceChangeSource
Apr 9, 2026New listing$349,900WCAR
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This 2.168-acre property is located at 720 W Washington St in Monticello, IN 47960. The property is available for sale for $349,900 with a price per acre of $161,393.

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