222 S Dixie Way - Hospitality FOR SALE


South Bend, IN 46637- North Side
$4,950,000 USD
602-363-9589
222 S Dixie Way, South Bend, IN for Sale
$4,950,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

222 S Dixie Way
South Bend, IN 46637
North Side


HIGHLIGHTS

  • Prime Location - Next to the University of Notre Dame
  • 71 Rooms | Interior Corridor | 3 stories
  • Priced below $70,000 per key
  • Potential opportunity to assemble the neighboring parcels for a larger redevelopment
  • Possibility for city incentives

OVERVIEW

Ryan Bodine and Suraj Rama of Newgen Advisory are pleased to present the sale of the Microtel Inn & Suites at Notre Dame. This 71-room, three-story, interior corridor hotel boasts a prime location next door to the University of Notre Dame. The Property presents an exceptional investment opportunity for qualified investors seeking to take advantage of the hotels proximity to one of the worlds most renowned Universities. Possibilities include the opportunity to assemble the neighboring two parcels for a larger redevelopment and working with the City to receive government incentives. South Bend, Indiana, is a vibrant city in the northern part of the state where the St. Joseph River winds through a landscape steeped in industrial history and renewed by modern innovation. Known for hosting the prestigious University of Notre Dame, the city melds rich cultural traditions with a lively arts and dining scene, all set against a backdrop of historic architecture and green spaces that invite community and creativity.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

71

PRICE/ROOM

$69,718 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites by Wyndham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-3, C-4

APN/PARCEL ID

71-03-25-327-002.000-007

ASK ABOUT THIS PROPERTY

Suraj RamaNewGen AdvisoryMore Info
602-363-9589

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Suraj RamaNewGen AdvisoryMore Info
602-363-9589

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.