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Cascades Inn Bloomington 2601 N Walnut St 97 Room Hotel Bloomington, IN 47404 $4,350,000 ($44,845/Room)
INVESTMENT HIGHLIGHTS
- Cascades Inn Hotel Bloomington, IN
EXECUTIVE SUMMARY
3.36 Acre site currently used as 85 room motel located on the gateway to Bloomington near the IU Stadium. Option to purchase with 1.63 Acre vacant lot to the north(2607 N Walnut St) for additional $900,000. Possible redevelopment for Multi-Family use.
PROPERTY FACTS
| Price | $4,350,000 | Building Size | 8,970 SF |
| Price Per Room | $44,845 | No. Rooms | 97 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1961 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 7.47/1,000 SF |
| Lot Size | 4.50 AC | Corridor | Exterior |
| Zoning | Commercial | ||
| Price | $4,350,000 |
| Price Per Room | $44,845 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.50 AC |
| Building Size | 8,970 SF |
| No. Rooms | 97 |
| No. Stories | 2 |
| Year Built | 1961 |
| Tenancy | Single |
| Parking Ratio | 7.47/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
AMENITIES
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $150.00 | - |
| Guest Room | 95 | $97.00 | - |
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PROPERTY TAXES
| Parcel Number | 53-05-28-202-002.000-005 | Improvements Assessment | $686,500 |
| Land Assessment | $420,000 | Total Assessment | $1,106,500 |
PROPERTY TAXES
Parcel Number
53-05-28-202-002.000-005
Land Assessment
$420,000
Improvements Assessment
$686,500
Total Assessment
$1,106,500
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Cascades Inn Bloomington | 2601 N Walnut St
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