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6200 Melton Road

Gary, IN 46403
  • $6,999,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 804875
$6,999,000
  • 0
    BEDS
  • 1.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,311
    SQFT
  • $362
    $/SQFT
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Listing provided by BS Realty Services Indiana, LL: .

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 good reasonable offers. Investors you must take advantage of this great investment opportunity.

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Northwest Indiana REALTORS® Association Multiple Listing Service logo The content relating to real estate for sale and/or lease on this Web site comes in part from the Internet Data eXchange (“IDX”) program of the Northwest Indiana REALTORS® Association Multiple Listing Service (“NIRA MLS”). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers’ personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing or leasing.

The accuracy of all information, regardless of source, is deemed reliable but is not warranted, guaranteed, should be independently verified and may be subject to change without notice. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. Featured properties may not be listed by the office/agent presenting this information.

NIRA MLS MAKES NO WARRANTY OF ANY KIND WITH REGARD TO LISTINGS PROVIDED THROUGH THE IDX PROGRAM INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. NIRA MLS SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THESE LISTINGS.

Listings provided through the NIRA MLS IDX program are subject to the Federal Fair Housing Act and which Act makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. NIRA MLS does not knowingly accept any listings that are in violation of the law. All persons are hereby informed that all dwellings included in the NIRA MLS IDX program are available on an equal opportunity basis. Copyright 2024 NIRA MLS - All rights reserved. 800 E 86th Avenue, Merrillville, IN 46410 USA. ALL RIGHTS RESERVED WORLDWIDE. No part of any listing provided through the NIRA MLS IDX program may be reproduced, adapted, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or any information storage and retrieval system, or otherwise, without the prior written permission of NIRA MLS. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking. If you believe any NIRA MLS listing contains material that infringes your copyrighted work, please Click Here to review our DMCA policy and learn how to submit a takedown request. Data last updated 2024-06-20T23:53:08.49.

MLS Grid logo Based on information submitted to the MLS GRID as of 2024-06-20T23:53:08.49 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data relating to real estate on this Web site derive in part from the Greater Northwest Indiana Association of Realtors IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither McCormick Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Greater Northwest Indiana Association of Realtors.

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6200 Melton Road Gary, IN 46403

  • Price: $6,999,000
  • Status: Active
  • On Site: 14 Days
  • MLS #: 804875
0
Beds
0
Baths
0
½ Baths
1.88
Acres
19,311
SQFT
$362
$/SQFT
1960
Built
County:
Lake
Area:
Gary
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 good reasonable offers. Investors you must take advantage of this great investment opportunity.
Exterior Features

Exterior Features BarbecueOutdoor GrillLighting Fencing FencedSecurityGate Lot Features Open LotPaved Waterfront YN No

Interior Features

Appliances Free-Standing Electric OvenRefrigeratorMicrowave Interior Features Entrance FoyerStorageHigh CeilingsHigh Speed Internet Laundry Features In BasementLaundry Room

Property Features

Accessibility Features Accessible Approach with RampAccessible EntranceAccessible Bedroom Auction YN No Community Features GatedRestaurantStreet LightsSidewalks Heating Forced Air Listing Terms CashConventional Lot Size Dimensions 1.879 AC Parking Features AsphaltOff StreetOutsideLightedGated Property Attached YN Yes Property Sub Type Hotel-Motel Security Features 24 Hour SecuritySecurity FenceSecurity LightsSecurity GateBuilding Security Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 19021.08 Tax Year 2023 Township Calumet Utilities Cable AvailableWater AvailableWater ConnectedNatural Gas AvailableSewer ConnectedSewer AvailableNatural Gas ConnectedElectricity ConnectedElectricity AvailableCable Connected Water Source Public Zoning Description Commercial

Listing information © 2024 NIRA MLS.
Listing courtesy of Keith Cunningham of BS Realty Services Indiana, LL: .

Northwest Indiana REALTORS® Association Multiple Listing Service logo The content relating to real estate for sale and/or lease on this Web site comes in part from the Internet Data eXchange (“IDX”) program of the Northwest Indiana REALTORS® Association Multiple Listing Service (“NIRA MLS”). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers’ personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing or leasing.

The accuracy of all information, regardless of source, is deemed reliable but is not warranted, guaranteed, should be independently verified and may be subject to change without notice. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. Featured properties may not be listed by the office/agent presenting this information.

NIRA MLS MAKES NO WARRANTY OF ANY KIND WITH REGARD TO LISTINGS PROVIDED THROUGH THE IDX PROGRAM INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. NIRA MLS SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THESE LISTINGS.

Listings provided through the NIRA MLS IDX program are subject to the Federal Fair Housing Act and which Act makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. NIRA MLS does not knowingly accept any listings that are in violation of the law. All persons are hereby informed that all dwellings included in the NIRA MLS IDX program are available on an equal opportunity basis. Copyright 2024 NIRA MLS - All rights reserved. 800 E 86th Avenue, Merrillville, IN 46410 USA. ALL RIGHTS RESERVED WORLDWIDE. No part of any listing provided through the NIRA MLS IDX program may be reproduced, adapted, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or any information storage and retrieval system, or otherwise, without the prior written permission of NIRA MLS. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking. If you believe any NIRA MLS listing contains material that infringes your copyrighted work, please Click Here to review our DMCA policy and learn how to submit a takedown request. Data last updated 2024-06-20T23:53:08.49.

MLS Grid logo Based on information submitted to the MLS GRID as of 2024-06-20T23:53:08.49 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data relating to real estate on this Web site derive in part from the Greater Northwest Indiana Association of Realtors IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither McCormick Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Greater Northwest Indiana Association of Realtors.

Digital Millennium Copyright Act
 
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Listing provided by BS Realty Services Indiana, LL: .