58364 In-19 | Elkhart, IN 46517
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58364 In-19
Elkhart, IN 46517
Holiday Inn Express & Suites Elkhart-South · Hospitality Property For Sale
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62,494 SF
INVESTMENT HIGHLIGHTS
- The hotel is located at 3610 S Nappanee Street in Elkhart, Indiana, easily accessible from State Road 19-Elkhart.
- Six colleges and universities are nearby, including Indiana University South Bend and The University of Notre Dame.
- In 2024, the hotel achieved a 110 percent RevPAR penetration, maintaining over 100% in the prior two years.
- Elkhart is a manufacturing hub, with major employers including Bennington Pontoon Boats, Forest River, Keystone RV, and Thor Motor Coach.
- Key developments include a $7.3M entrance revitalization, Voyant Beauty expansion, and Amazon’s 800,000 sq ft fulfillment center opening in 2025.
- Revenue per available room (RevPAR) for upper midscale hotels in the South Bend/Elkhart submarket experienced a 4.1 percent increase in 2024.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 6.40 AC | Parking Ratio | 1.97/1,000 SF |
| Building Size | 62,494 SF | Corridor | Interior |
| Zoning | ZO01 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.40 AC |
| Building Size | 62,494 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2017 |
| Tenancy | Single |
| Parking Ratio | 1.97/1,000 SF |
| Corridor | Interior |
| Zoning | ZO01 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 20-06-19-151-011.000-011 | Improvements Assessment | $3,380,400 |
| Land Assessment | $447,000 | Total Assessment | $3,827,400 |
PROPERTY TAXES
Parcel Number
20-06-19-151-011.000-011
Land Assessment
$447,000
Improvements Assessment
$3,380,400
Total Assessment
$3,827,400
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