IN > Gary
Gary, IN 46403,6200 Melton RD
Gary, IN 46403,6200 Melton RD
Gary, IN 46403,6200 Melton RD
Gary, IN 46403,6200 Melton RD
Gary, IN 46403,6200 Melton RD
Gary, IN 46403,6200 Melton RD
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Jennifer Podgorny

Jennifer Podgorny

+1(219) 613-3838
$ 6,999,000
Est. payment | /mo

19,311 SqFt

Save
$ 6,999,000
Est. payment | /mo
Save

19,311 SqFt

Key Details

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Active

Purchase Type For Sale

Square Footage 19,311 sqft

Price per Sqft $362

MLS Listing ID 804875

Year Built 1960

Annual Tax Amount $19,021

Tax Year 2023

Lot Size 1.880 Acres

Acres 1.88

Lot Dimensions 1.879 AC

Property Description

This is a spectacular investment , this motel is located in a very high traffic area, with restaurants and retail stores etc. This a fully operated motel with substantial capital improvements. Extended stay motel with 113 rooms with full kitchenettes ,queen, king ,and double size beds. Five individual bedroom suites and one deluxe owner suite. All rooms have ceramic flooring. Recent upgrades, the beautiful lobby has updated marble flooring. Amenities : High speed internet access, public access WIFI, smoke free and patio.95-100% occupancy with seven day rates of $350.00 weekly. Near the Intersections of US-20 / US -12. Construction has started for the South Shore double train tracks, close to downtown Chicago, close to Indiana Dunes National Park and I-65,I90,I-80/94. Walking distance to the Miller Beach areas. Recent updated Fire Stone rubber roof w/ 20 year warranty, black top parking lot , high efficiency hot water boiler. All investors can definitely consider options for a full or partial condo conversions, senior living and / or market rate apartment housing. This property is sold as is and asset sale only, unaudited financials . Surrounded by 15 Acre National Park , 3-4 mile walk through the Dunes. Review on You Tube information on the double track NWI. The seller is motivated, Negotiate with good reasonable offers. Investors you must take advantage of this great investment opportunity.

Location

State IN

County Lake

Zoning Commercial

Interior

Interior Features Entrance Foyer, Storage, High Ceilings, High Speed Internet

Heating Forced Air

Fireplace N

Appliance Free-Standing Electric Oven, Refrigerator, Microwave

Exterior

Exterior Feature Barbecue, Outdoor Grill, Lighting

View Y/N true

View true

Accessibility Accessible Approach with Ramp, Accessible Entrance, Accessible Bedroom

Handicap Access Accessible Approach with Ramp, Accessible Entrance, Accessible Bedroom

Building

Lot Description Open Lot, Paved

Others

Tax ID 45-09--06-478-001.000-004

Acceptable Financing NRA20240508150630889567000000

Listing Terms NRA20240508150630889567000000

Listed by BS Realty Services Indiana, LL
agent-avatar

+1(219) 613-3838

jennifer@soldwithjennifer.com

7512 Fawn Valley Dr, Schererville, IN, 46375, USA

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6200 Melton RD