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Cascades Inn Bloomington 2601 N Walnut St 97 Room Hotel Bloomington, IN 47404 $5,911,650 CAD ($60,945 CAD/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 | $5,911,650 CAD | Building Size | 42,850 SF |
| Price Per Room | $60,945 CAD | 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 | 1.56/1,000 SF |
| Lot Size | 4.50 AC | Corridor | Exterior |
| Zoning | Commercial | ||
| Price | $5,911,650 CAD |
| Price Per Room | $60,945 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.50 AC |
| Building Size | 42,850 SF |
| No. Rooms | 97 |
| No. Stories | 2 |
| Year Built | 1961 |
| Tenancy | Single |
| Parking Ratio | 1.56/1,000 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 | $203.85 CAD | - |
| Guest Room | 95 | $131.82 CAD | - |
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Property Taxes
| Parcel Number | 53-05-28-202-002.000-005 | Improvements Assessment | $1,024,963 CAD |
| Land Assessment | $574,056 CAD | Total Assessment | $1,599,019 CAD |
Property Taxes
Parcel Number
53-05-28-202-002.000-005
Land Assessment
$574,056 CAD
Improvements Assessment
$1,024,963 CAD
Total Assessment
$1,599,019 CAD
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Cascades Inn Bloomington | 2601 N Walnut St
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