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3400 N Everbrook Ln
Muncie, IN 47304
Quality Inn & Suites Muncie · Hospitality Property For Sale · 52,843 SF

Investment Highlights

  • 87-Room, Interior Corridor, Midscale Hotel
  • Less than Two Miles from Ball State University
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Over $1 Million in Renovation Completed in 2018/2019
  • Significant Upside Potential Through an Increase in Hotels Operational Efficiency

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.36 AC
Building Size 52,843 SF
No. Stories 2
Year Built/Renovated 1986/2018
Tenancy Single
Parking Ratio 1.84/1,000 SF
Corridor Interior
Zoning CBD - Central Business District

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

About 3400 N EVERBROOK LN , MUNCIE, IN 47304

Property Overview: The Quality Inn & Suites Muncie I-69 is a 87-room, two-story, interior corridor hotel built in 1986. Well-equipped with numerous common area and guest room amenities, this limited-service midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, lounge chair, and flat-screen television with premium channels. Additionally, some splendid common area amenities the hotel has to offer consist of an indoor pool, fitness center, business center, and self-service laundry facilities. Location Overview: Muncie, Indiana is a city located in Delaware County in the northeastern region of the state, 60 miles northeast of Indianapolis. The Quality Inn & Suites Muncie I-69 is superbly positioned on Everbook Lane, near the interchange of Tillotson Avenue and McGalliard Road. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include educational services, health care, and retail trade. Ball State University and Indiana University Health Ball Memorial Hospital, two of the city’s largest employers located approximately two miles from the hotel respectively, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Navient (3.2 miles) and Magna Powertrain (6.5 miles). Revenue generators in the area, like Minnetrista (2.8 miles) and Muncie Mall (2.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Delaware County Fairgrounds (2.5 miles) and Delaware County Airport (3.8 miles). Broker of Record Josh Caruana License: IN BR14034355

Property Taxes

Property Taxes

Parcel Number
18-07-31-475-011.000-003
Land Assessment
$257,000
Improvements Assessment
$2,425,800
Total Assessment
$2,682,800
  • Listing ID: 18254747

  • Date on Market: 1/21/2020

  • Last Updated:

  • Address: 3400 N Everbrook Ln, Muncie, IN 47304

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