Skip To Content

6200 Melton Road

Gary, IN 46403
  • $5,650,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 524585
UPDATED: 18 min ago
$5,650,000
  • 0
    BEDS
  • 1.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 39,791
    SQFT
  • $142
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Spectacular Investment! Fully operated 113 room Motel with substantial capital improvements. Each room offers full kitchenettes, with king, queen or double size beds and ceramic flooring. Also available 5-bedroom suites and 1 deluxe owner suite. Lobby offers beautiful marble flooring upgraded in 2020. Fire Stone roof with 20-year warranty. New asphalt parking lot. New efficiency hot water boiler. Occupancy rate is 80-85%. Weekly, 2-day and daily rates available. Motel is in high traffic area near intersection US-20 and US-12. Easy drive to Down Town Chicago, Indiana Dunes National Park, I-65, I-90 and I-80/94 access. Walking distance to Miller Beach. Close to restaurants, retail stores and much more. Commute made easy with the new South Shore Double Track railway under construction. Consider options: Condo Conversions, Senior Living, Market Rate Apartment Housing. Don't let this opportunity pass you by.

Monthly Payment Calculator

© 2023 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 2023-01-26T19:52:33.413.
www.mccormickrealestateindiana.com/homes/135879331
Print Image

6200 Melton Road Gary, IN 46403

  • Price: $5,650,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 18 min ago
  • MLS #: 524585
0
Beds
0
Baths
0
½ Baths
1.88
Acres
39,791
SQFT
$142
$/SQFT
1960
Built
Neighborhood:
Dunes Hy-Way Rlty Cos 02
County:
Lake
Area:
Gary
Property Description
Spectacular Investment! Fully operated 113 room Motel with substantial capital improvements. Each room offers full kitchenettes, with king, queen or double size beds and ceramic flooring. Also available 5-bedroom suites and 1 deluxe owner suite. Lobby offers beautiful marble flooring upgraded in 2020. Fire Stone roof with 20-year warranty. New asphalt parking lot. New efficiency hot water boiler. Occupancy rate is 80-85%. Weekly, 2-day and daily rates available. Motel is in high traffic area near intersection US-20 and US-12. Easy drive to Down Town Chicago, Indiana Dunes National Park, I-65, I-90 and I-80/94 access. Walking distance to Miller Beach. Close to restaurants, retail stores and much more. Commute made easy with the new South Shore Double Track railway under construction. Consider options: Condo Conversions, Senior Living, Market Rate Apartment Housing. Don't let this opportunity pass you by.
Exterior Features

Exterior Features Brick Open Parking Spaces 0

Property Features

Electric Nipsco Heating Forced AirWall Unit(S) Lot Size Dimensions 295 X 285 Parking Features CommonFenced ParkingLighted ParkingPavedPrivatePublic ParkingSecured Property Sub Type Hotel/Motel Real Estate Owned YN No Tax Annual Amount 0 Transaction Type Sale Zoning Description Comm

Listing information © 2023 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Keith Cunningham of Penny P Properties, Llc: .

© 2023 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 2023-01-26T19:52:33.413.
 
https://bt-photos.global.ssl.fastly.net/gniar/1280_boomver_1_524585-2.jpg https://bt-photos.global.ssl.fastly.net/gniar/1280_boomver_1_524585-2.jpg https://bt-photos.global.ssl.fastly.net/gniar/1280_boomver_1_524585-2.jpg
Logo
McCormick Real Estate
813 N. Superior Dr.
Crown Point IN, 46307