Gary, IN 46403 6200 Melton Road
$6,999,000
62 more
Presented By: Keith Cunningham with BS Realty Services Indiana, LL - (219) 292-3704;
Home Details
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 individual 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.
Presented By: Keith Cunningham with BS Realty Services Indiana, LL - (219) 292-3704;
Interior Features for 6200 Melton Road
Other Interior Features
Laundry FeaturesIn Basement, Laundry Room
General for 6200 Melton Road
AccessibilityAccessible Approach with Ramp, Accessible Entrance, Accessible Bedroom
AppliancesFree-Standing Electric Oven, Refrigerator, Microwave
Building FeaturesExterior Lighting, Multi Tenant, Public Restrooms, Private Restrooms, Near Airport, Inside Corridor(s)
CityGary
Community FeaturesGated, Restaurant, Street Lights, Sidewalks
CountyLake
Directionsi-65 North to US-12/US-20 E. Left turn to 6200 Melton Road.
Electric100 Amp Service, Circuit Breakers, 220 Volts, 200+ Amp Service, 150 Amp Service
Electric Expense66000
Exterior FeaturesBarbecue, Outdoor Grill, Lighting
HeatingForced Air
Insurance Expense3700
Interior FeaturesEntrance Foyer, Storage, High Ceilings, High Speed Internet
Legal DescriptionDUNES HY-WAY RLTY. CO'S.2ND SUB. AL L OF LOTS 1 TO 17 BL. J & VAC. ALLEY
Lot Size Square Feet81892.8
OwnerPaysAll Utilities, Water, Trash Collection, Taxes, Snow Removal, Sewer, Security, Roof Maintenance, Repairs, Pest Control, Management, Janitorial Service, Insurance, HVAC Maintenance, Hot Water, Grounds Care, Gas, Exteri
Property SubTypeHotel-Motel
Property TypeCommercial Sale
Security Features24 Hour Security, Security Fence, Security Lights, Security Gate, Building Security
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount19021.08
Tax Year2023
Taxes$19,021
Total Actual Rent1222707
TownshipCalumet
Trash Expense6100
UtilitiesCable Available, Water Available, Water Connected, Natural Gas Available, Sewer Connected, Sewer Available, Natural Gas Connected, Electricity Connected, Electricity Available, Cable Connected
Waterfront Y/NNo
Year Built1960
Zoning DescriptionCommercial
Exterior for 6200 Melton Road
FencingFenced, Security, Gate
Lot Dimensions1.879 AC
Lot FeaturesOpen Lot, Paved
Lot Size Acres1.88
Lot Size SourceAssessor
Parking FeaturesAsphalt, Off Street, Outside, Lighted, Gated
Total Parking93
Water SourcePublic
Additional Details
Price History
Danek Znika
Realtor