2820 Cassopolis St - Hospitality FOR SALE


Elkhart, IN 46514
$3,250,000 USD
574-264-2050
2820 Cassopolis St, Elkhart, IN for Sale
$3,250,000 USD
Hospitality - FOR SALE
1/18
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2820 Cassopolis St
Elkhart, IN 46514


HIGHLIGHTS

  • Perfect for an Operating Hotel or a Redevelopment Opportunity

OVERVIEW

Located in the heart of Elkhart’s bustling northern retail corridor, this property offers the flexibility of being an operational hotel or being repurposed for various commercial endeavors. Positioned on a corner lot, it boasts approximately 185 feet of frontage on Cassopolis Street (SR-19) and 835 feet on Oakwood Avenue, with two existing curb cuts. Comprising three buildings, the front structure features a welcoming lobby, reception, front desk, breakfast space, and storage areas. The rear two buildings house two floors of exterior corridor hotel rooms, totaling 120 rooms with 60 in each building. Abundant parking with 142 spaces on-site. Located right off of the 80/90 Toll Road and State Rd-19 in Elkhart, Indiana. Near the Elkhart Municipal Airport and South Bend International Airport and close to many businesses, restaurants, and entertainment venues.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

120

PRICE/ROOM

$27,083 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Daylite Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

142

LAND DETAILS

LAND ACRES

2.93 AC

LAND SF

127,631 SF

ZONING

B-3

APN/PARCEL ID

20-02-20-457-001.000-027

ASK ABOUT THIS PROPERTY

Ryan GablemanNAI CressyMore Info
574-264-2050

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Ryan GablemanNAI CressyMore Info
574-264-2050

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