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$5,600,000

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Business
For Sale
Gary
United States

Spectacular Investment Opportunity: Fully-Operated 113 Room Motel

Don t miss out on this incredible investment opportunity! This fully-operated 113 room motel is equipped with substantial capital improvements, making it a lucrative option for discerning investors.

Property Highlights:
- Room Features: Each room is designed with guest comfort in mind, offering full kitchenettes, ceramic flooring, and a choice of king, queen, or double size beds. The rooms are tastefully furnished, ensuring a pleasant stay for all guests.
- Additional Suites: In addition to the standard rooms, the motel also features 5-bedroom suites and a deluxe owner suite, providing flexibility and catering to various accommodation needs.
- Upgraded Lobby: The beautiful lobby welcomes guests with its upgraded marble flooring, showcasing the attention to detail and commitment to providing a top-notch guest experience.
- Quality Upgrades: The motel boasts a Fire Stone roof with a 20-year warranty, ensuring long-term durability and peace of mind. The new asphalt parking lot and efficient hot water boiler add to the overall appeal of the property.
- High Traffic Location: Situated in a high traffic area near the intersection of US-20 and US-12, the motel benefits from excellent visibility and accessibility. It offers easy access to Downtown Chicago, Indiana Dunes National Park, and major interstate highways (I-65, I-90, and I-80/94). The proximity to Miller Beach, restaurants, retail stores, and various amenities further enhances its desirability.
- Commuter Convenience: The motel is strategically located near the new South Shore Double Track railway, currently under construction. This presents a significant advantage for commuters and adds further value to the property.

Potential Opportunities:
With an occupancy rate of 80-85% and flexible rental options ranging from weekly to daily rates, this motel presents a strong income-generating opportunity. Additionally, considering the property s prime location and existing infrastructure, there is potential for various development options such as condo conversions, senior living facilities, or market-rate apartment housing.

Seize the Opportunity:
Don t let this exceptional investment slip away. Explore the potential of owning a fully-operated motel with a strong occupancy rate, remarkable capital improvements, and a convenient location. Whether you re an experienced investor or seeking a new venture, this motel offers a wide range of possibilities.

Contact us now to learn more and take advantage of this remarkable investment opportunity.

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