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This Hospitality Property is no longer advertised on LoopNet.com.
1630 Olmsted Dr
Portage, IN 46368
Just Off I-94 | Walking Distance to Amenities · Hospitality Property For Sale
·
67,925 SF
INVESTMENT HIGHLIGHTS
- Contemporary four-story, 100-key interior corridor hotel on 2.97 acres of manicured grounds with ample surface parking in Portage, Indiana.
- Excellently established investment opportunity situated off I-94 with a positive trending RevPAR and growth potential through hands-on management.
- Beneficially sited 1 mile from US 20 and 4.5 miles from the I-94 and I-90 interchange connecting the hotel to Downtown Chicago via a 40-mile drive.
- Conveniently located within a 1- to 5-minute walk to LongHorn Steakhouse, Subway, Starbucks, McDonald’s, Dairy Queen, Taco Bell, and Bass Pro Shops.
- Proximate to significant industries Coca-Cola Distribution, IU Northwest, Indiana Dunes National Park, U.S. Steel Corporation Plant, and many more.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2006/2019 |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 2.97 AC | Corridor | Interior |
| Building Size | 67,925 SF | ||
| Zoning | COM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.97 AC |
| Building Size | 67,925 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2006/2019 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Interior |
| Zoning | COM |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 64-05-01-251-001.000-016 | Improvements Assessment | $6,005,000 |
| Land Assessment | $860,400 | Total Assessment | $6,865,400 |
PROPERTY TAXES
Parcel Number
64-05-01-251-001.000-016
Land Assessment
$860,400
Improvements Assessment
$6,005,000
Total Assessment
$6,865,400
Listing ID: 31916999
Date on Market: 5/24/2024
Last Updated:
Address: 1630 Olmsted Dr, Portage, IN 46368
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