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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
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

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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