Fully Operating, 113 Room, Extended Stay Motel w/Full Kitchenettes for only $50K/room. Avg. 80% occupancy w/7-day rates at $350/week. Nearly 2-acre parcel that adjoins a newly developed intersection connecting US-20 and US-12. Part of the currently underway South Shore Line Double Track Project. Great location to attract guests. Daily Traffic Count: 13,958. 27 miles to downtown Chicago, Close to Indiana Dunes National Park & I-65, I-90, I-80/94. Near major trucking and logistics companies & within walking distance of Lake Michigan's sandy beaches in Gary's Miller Beach area. Recent upgrades include a new Firestone Brand Rubber Roof (w/20-year warranty), High Efficiency Hot Water Boiler, and a new black top parking lot. Investors should also consider options for full or partial condo conversions, senior living, and/or market rate apartment housing.
Listing courtesy of Godwin Realty Company.
The data relating to real estate for sale on this Web site comes in part from the Broker ReciprocitySM Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Godwin Realty Company on the detailed information includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2023 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved.
Information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.
Updated . Information deemed reliable but not guaranteed.