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6200 Melton Road, Gary, IN 46403

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6200 Melton Road, Gary, IN 46403
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Comments for 6200 Melton Road, Gary, IN 46403

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.

$4,350,000.00

Estimated Monthly Payment: $19,527.10 (including taxes & insurance estimates)

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Property Details

City: GaryProperty Type: Commercial - Condominium
Lot Size: 1.88 AcresStatus: Active
Square Feet: 40000Year Built: 1960
MLS#: 512918 

Property Features

Property Type: Commercial - CondominiumLot Size: 1.88 Acres
Cooling: Central Air, Wall SleeveRoof Type: Rubber
Days on Site: 138Security: yes
Exterior: BrickSewer: San. Sewer on Site
Fuel Type: Electricity on Site, Gas on SiteWater: Water on Site
Heating: Forced Air, Wall unitsYear Built: 1960
Lot Dimensions: 0 

Listed By

Agency Name: Godwin Realty Company

Shown By

Agency Title: Ginter Realty, Inc.
Agency Phone: (219) 942-1141

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