Sold for $125,000 Listed for $139,900
This property is not currently for sale or for rent.
This is a Commercial Motels/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. Formerly the Slumber Inn, The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place. The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot. The Home has 1,364sqft of Living Space with 2 Beds 10x12, 1 Bath, Large 18x16 Living, Kitchen 10x12, Dining 19x15, a 16'x24' Deck for Entertaining and a 14'x22' Detached Garage with 8'x14' Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility.
From Fort Wayne go South on I-69 to Hwy 224 turn East towards Markle, Property is on the South Side of road past N. Clark St.
MLS # | 202114910 |
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Status | Sold |
Property Type | Commercial |
Property SubType | Hotel & Motel |
New Construction | No |
Type | Hotel & Motel |
Annual Taxes | $2,088.50 |
Year Taxes Payable | 2021 |
Year Built | 1947 |
Days on Market | 29 |
Den | 2 × 1364 | Level |
2nd Bedroom | 2682 × 0 | Level |
3rd Bedroom | 1 × 1 | Level |
4th Bedroom | 1 × | Level |
Construction | Hotel & Motel |
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Lot Size | 25,700 sq ft |
Acreage | 0.59 Acres |
Lot Dimensions | 179 x 176 |
Fence | None |
Area | Wells County |
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County | Wells |
Subdivision | None |
Township | Rock Creek |
City | Markle |
State | IN |
Zip | 46770 |
Assoc. Dues | $0.00 |
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MLS# 202114910. IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Andy Eckert
Ness Bros. Realtors & Auctioneers
Listing information last updated Thursday, March 28th, 2024 at 8:15 AM EDT.