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6200 Melton Road

Gary, IN 46403
  • $4,900,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 512918
UPDATED: 71 min ago
$4,900,000
  • 0
    BEDS
  • 1.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 40,000
    SQFT
  • $123
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

PRICE REDUCED! 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.

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© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-08-13T09:52:40.743.
www.mccormickrealestateindiana.com/homes/128992893
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6200 Melton Road Gary, IN 46403

  • Price: $4,900,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 71 min ago
  • MLS #: 512918
0
Beds
0
Baths
0
½ Baths
1.88
Acres
40,000
SQFT
$123
$/SQFT
1960
Built
Neighborhood:
Dunes Hy-Way Rlty Cos 02
County:
Lake
Area:
Gary
Property Description
PRICE REDUCED! 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.
Exterior Features

Building Construction Brick Building Exterior Brick Dock Features None Foundation Other Frontage Access State RoadUs Highway Lot Dimensions 295X285 Misc Outside Security GateSecurity LightingSecurity PatrolSecurity System Parking Common ParkingFenced ParkingLighted ParkingPaved ParkingPrivate ParkingPublic ParkingSecured Parking Parking Spaces 0 Rail Availability None Roof Coverings Rubber Roof Structure Flat

Interior Features

Air Conditioning Ventilation Central AirWall Sleeve Ceiling Type Other Floor Finish Varies Heat Ventilation Forced AirWall Units Misc Inside AtriumLunch RoomMeeting RoomPrivate RestroomsPublic Restrooms

Property Features

Amenities Exterior LightingOther Backup Information Tax BillTraffic Count Current Use HallMulti Family Electrical Service Nipsco Fire Protection Alarm On Site Information 48 Hr Notice ReqConfidentiality ReqLag Must Accompany Phone Internet Cable Internet Possession Close Of EscrowNegotiable Potential Use CondominiumEntertainmentHallMulti FamilyRetail Property Subtype1 Hotel/Motel Property Subtype2 Multi Family Property Subtype3 Special Use Taxes 17172.00 Tenant Pays None Terms CashConventional Transaction Type Sale Utilities On

Listing information © 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of William Godwin of Godwin Realty Company.

© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-08-13T09:52:40.743.
 
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