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732 E 82nd Ave
Merrillville, IN 46410
Knights Inn Merrillville · Hospitality Property For Sale · 90 Rooms

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.00 AC
Building Size 40,910 SF
No. Rooms 90
No. Stories 2
Year Built/Renovated 1992/2016
Parking Ratio 1.47/1,000 SF
Corridor Exterior
Zoning C-3 - Highway Commercial

Amenities

  • Public Access Wifi

About 732 E 82ND AVE , MERRILLVILLE, IN 46410

Property Overview: The Knights Inn Merrillville is a 90-room, two-story, exterior corridor hotel built in 1992. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with a flat-screen television with premium channels and free community-wide internet. Additionally, some splendid common area amenities the hotel has to offer consist of self-service laundry facilities, and an elevator. Location Overview: Merrillville, Indiana is a city located in Lake County in the northwestern region of the state, 40 miles southeast of Chicago and 65 miles west of South Bend. The Knights Inn Merrillville is superbly positioned on 51st street, near the Interstate 65 and Highway 30 interchange. 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 manufacturing, health care & social assistance, and retail trade. NiSource and Methodist Southlake Hospital, two of the citys largest employers located approximately one mile 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 US Steel Corporation (11.3 miles) and Community Hospital (13.5 miles). Revenue generators in the area, like Southlake Mall (1.9 miles) and Deep River Waterpark (5.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include County Line Orchard (10.3 miles) and Majestic Star Casino (17.9 miles). Josh Caruana Broker of Record Licensed: IN RB14034355

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 90 $70.00 -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 45-12-22-326-006.000-030
  • 45-12-22-326-007.000-030
Land Assessment
$292,600
Improvements Assessment
$457,400
Total Assessment
$750,000
  • Listing ID: 17212674

  • Date on Market: 9/16/2019

  • Last Updated:

  • Address: 732 E 82nd Ave, Merrillville, IN 46410

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