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- LoopNet Team
1825 Meadowbrook Rd
Benton Harbor, MI 49022
Comfort Suites Benton Harbor - St. Joseph · Hospitality Property For Sale
·
41,412 SF
INVESTMENT HIGHLIGHTS
- Three-Story, 62-Room, Upper Midscale Hotel Built in 2002
- Ideal Location off One of Benton Harbor’s Busiest Highways
- Operating above the STR-Defined Market Competitive Set
- Priced Below Replacement Cost at $62,823 per Key
- Less than 100 Miles from Downtown Chicago, Illinois and Downtown Grand Rapids, Michigan
- Absentee Owner; Offered Fee Simple. Unencumbered by a Management Contract or Debt
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2002/2017 |
| Building Class | B | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 3.61 AC | Corridor | Interior |
| Building Size | 41,412 SF | ||
| Zoning | D1 COMM - Commercial District Zone | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.61 AC |
| Building Size | 41,412 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2002/2017 |
| Parking Ratio | 1.45/1,000 SF |
| Corridor | Interior |
| Zoning | D1 COMM - Commercial District Zone |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 1825 MEADOWBROOK RD , BENTON HARBOR, MI 49022
Property Overview: The Comfort Suites Benton Harbor is a Choice Hotels Internal, Incorporated. branded property that was built in 2002. The 62 rooms feature a two-person sofa bed, desk with an ergonomic chair, wet bar, refrigerator, microwave, and a ?at-screen television. Select rooms feature a two-person sofabed, one-room suites, living rooms, and two-person hot tubs. The common areas feature an indoor whirlpool, indoor heated pool, business center, ?tness center, bus parking, and a meeting room. Location Overview: Benton Harbor, Michigan is a mid-sized city located in Berrien County in the southwest region of the state, 50 miles west of Kalamazoo and 80 miles southwest of Grand Rapids. The Comfort Suites Benton Harbor is superbly positioned on 1825 Meadowbrook. With the city's major employers and popular revenue generators in close proximity to the property, this sought-after hotel bene?ts from many key industries of the city which include manufacturing, healthcare, social assistance, and retail trade. Lakeland Hospital St. Joseph and Whirlpool Corporation, two of the city's largest corporate employers located approximately four miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a signi?cant portion of the workforce include Leco Corporation (7.4 miles), Andrews University (10.5 miles), and American Electric Power (20 miles). Revenue generators in the area, like Southwest Michigan Regional Airport (4.5 miles) and Silver Beach Amusement Park (5.5 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Fairplain Plaza and Orchards Mall (1.8 miles), Benton Park (1.8 miles), Silver Beach County Park (6.4 miles), 12 Corners Vineyard (5.6 miles), and close to Harbor Shores Golf Course (4.5 miles).
PROPERTY TAXES
| Parcel Number | 11-03-0033-0002-21-1 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,563,700 |
PROPERTY TAXES
