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Knights Inn Merrillville 732 E 82nd Ave 90 Room Hotel Merrillville, IN 46410 $2,944,876 CAD ($32,721 CAD/Room)
Investment Highlights
- Located in the Greater Chicago MSA
- Low Real Estate Taxes and Operating Cost
- Priced to Sell
- Two Buildings, Two Story, Two Parcels Walk - Up Buildings
- Strong STR Report showing Upside Potential
Executive Summary
The Knights Inn has undergone significant renovations over the past several years, with a total investment of approximately $400,000. These improvements have been made to enhance both aesthetic and functional aspects of the property and improve the guest satisfaction. Major Renovations include:
* Exterior brickwork completed 2020-2021
* New Stucco and Paint Exterior 2020-2021
* Partial New Roof 2023-and 2024
* New Washer and Dryer 2019
* New PTAC as required
* Exterior brickwork completed 2020-2021
* New Stucco and Paint Exterior 2020-2021
* Partial New Roof 2023-and 2024
* New Washer and Dryer 2019
* New PTAC as required
Property Facts
| Price | $2,944,876 CAD | Building Size | 40,910 SF |
| Price Per Room | $32,721 CAD | No. Rooms | 90 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1992/2020 |
| Property Subtype | Hotel | Parking Ratio | 1.47/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.00 AC | ||
| Zoning | C-3 - Highway Commercial | ||
| Price | $2,944,876 CAD |
| Price Per Room | $32,721 CAD |
| Sale Type | Investment |
| 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 | 1992/2020 |
| Parking Ratio | 1.47/1,000 SF |
| Corridor | Exterior |
| Zoning | C-3 - Highway Commercial |
Amenities
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 90 | $95.88 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $625,312 CAD | |
| Land Assessment | $400,013 CAD | Total Assessment | $1,025,325 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$400,013 CAD
Improvements Assessment
$625,312 CAD
Total Assessment
$1,025,325 CAD
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Knights Inn Merrillville | 732 E 82nd Ave
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