Contacts
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 51,629 SF
- Units 112
- Lot Size 2.69 Acre
- Additional Rent Contact for pricing
- Year Built 1990
- Date Updated Dec 11, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Lender-owned sale of the fee simple interest in the 112-room Fairfield Inn & Suites Merrillville, Indiana
- Asset will be available in the December 11th auction event via Crexi
- Offered unencumbered of brand, debt, and management and at a significant discount to replacement cost
- Substantial operational upside in transitioning the asset from lender control and third-party management, completing the PIP, and repositioning the asset under alternative branding
- Proximate to U.S. Highway 30 with average annual daily traffic of approximately 60,000 vehicles and readily accessible via Interstate 65
- For sale as part of a two-property portfolio alongside the Hampton Inn Merrillville, with both properties being sold individually
- Located under 50 miles from the Chicago Metropolitan Area, making it a convenient location for travelers seeking lower-cost accommodations outside the city while visiting Chicago
- Readily accessible to many industrial and business centers for corporate demand including NiSource, Centier Bank, U.S. Steel (Gary) and AmeriPlex at the Crossroads, a 386-acre industrial and technology park featuring state-of-the-art telecommunication technology
- Local leisure demand includes Southlake Mall, Deep River Waterpark (one of the largest waterparks in the region), Albanese Candy Factory and Indiana Dunes National Park
- Proximate to Purdue University Northwest (PNW) and medical facilities like Methodist Hospitals bring consistent demand from visiting students, faculty, and patients
Getting around
-
Walk Score ®
-
Bike Score ®
Location
- City Merrillville, IN
- Zip Code 46410
- Market Chicago
Points of Interest
-
Gary Metro Center
9.47 miles
-
Luke
0.39 miles
-
Costco Gasoline
0.45 miles
-
BP
0.55 miles
-
Speedway
0.60 miles
-
Tesla Supercharger
0.93 miles
-
Marathon
1.33 miles
-
Sam's Club
1.39 miles
-
Mobil
1.80 miles
-
AmpUp
9.61 miles
-
The Fieldhouse
2.27 miles
-
Employee Parking
2.77 miles
-
St. Andrean High School Parking
2.90 miles
-
Andrean High School parking
2.93 miles
-
Games
4.05 miles
-
Buses and Vans
4.12 miles
-
School Bus Parking
5.63 miles
-
Village Mall parking
6.13 miles
-
Griffith Municipal Parking Lot
6.53 miles
-
Accessible Parking
6.58 miles
-
Fairfield Inn & Suites Merrillville
0.00 miles
-
Red Roof Inn
0.04 miles
-
Hampton Inn Merrillville
0.13 miles
-
Extended Stay America - Merrillville - Us Rte. 30
0.16 miles
-
Comfort Suites Merrillville near US 30
0.16 miles
-
Baymont Merrillville
0.17 miles
-
Country Inn & Suites, Merrillville, IN
0.19 miles
-
Quality Inn Merrillville
0.20 miles
-
Candlewood Suites Merrillville
0.21 miles
-
Motel 6 Merrillville, IN
0.25 miles
-
Kohl's
0.57 miles
-
JCPenney
0.66 miles
-
ALDI
0.70 miles
-
TJ Maxx
0.70 miles
-
Macy's
0.73 miles
-
Southlake Mall
0.76 miles
-
Burlington
0.79 miles
-
Meijer
1.05 miles
-
Ross
1.08 miles
-
Target
1.17 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Alchemy Real Estate Advisors (AREA)