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2040 Lafayette Rd
Indianapolis, IN 46222
Economy Suites Indianapolis · Hospitality Property For Sale
·
22,822 SF
Investment Highlights
- 60 units, single story, exterior corridor
- Situated on 2.45 acres, just 4 miles from the highly desirable Indianapolis Motor Speedway
- Manager's apartment adjacent to office & laundry room for operational efficiency
- Offered at $21,660/key
- Significant upside: revenue performance of $200K is based on 20 operational units
- Motivated seller
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1957/2025 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.27 AC | Parking Ratio | 0.85/1,000 SF |
| Building Size | 22,822 SF | Corridor | Exterior |
| Zoning | C-S | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 22,822 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2025 |
| Tenancy | Single |
| Parking Ratio | 0.85/1,000 SF |
| Corridor | Exterior |
| Zoning | C-S |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 49-06-33-148-003.000-901 | Improvements Assessment | $200,900 |
| Land Assessment | $189,700 | Total Assessment | $390,600 |
Property Taxes
Parcel Number
49-06-33-148-003.000-901
Land Assessment
$189,700
Improvements Assessment
$200,900
Total Assessment
$390,600
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