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1722 N Walnut St
Bloomington, IN 47404
Wingate by Wyndham · Hospitality Property For Sale · 47,560 SF

INVESTMENT HIGHLIGHTS

  • University Town (Indiana University) with 45,000 Students / MSA Population 200,000
  • High Barrier to Entry Market Limiting New Hotel Construction
  • Close to Demand Generators including Memorial Stadium, Assembly Hall (71,222 Seat Venue), Bill Armstrong Stadium (soccer and Little 500 cycling race)
  • Three Story, Renovated, Limited Service Hotel Priced Below Replacement Cost
  • New Development in the Immediate Area increase Density and Traffic
  • Demand Generators: Cook Industries, IU Heath, Upland Brewing, Brown County State Park

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class C
Lot Size 2.11 AC
Construction Status Converted
Building Size 47,560 SF
No. Stories 3
Year Built/Renovated 1973/2019
Parking Ratio 2.1/1,000 SF
Corridor Interior
Zoning MC - Mixed Use Corridor

AMENITIES

  • Business Center
  • Fitness Center
  • Pool

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
53-05-28-300-143.000-005
Land Assessment
$1,688,000
Improvements Assessment
$6,010,100
Total Assessment
$7,698,100
  • Listing ID: 19583425

  • Date on Market: 5/18/2020

  • Last Updated:

  • Address: 1722 N Walnut St, Bloomington, IN 47404

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