6200 Melton Road, Gary, IN 46403

$6,999,000
19,311
SqFt

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 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 a good reasonable offers. Investors you must take advantage of this great investment opportunity. You can learn more about this property by visiting the web site: mosleymotelindiana.com

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Listing courtesy of BS Realty Services Indiana, LL.

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