Lender Owned Fairfield Inn & Suites Merrillville IN

8275 Georgia Street, Merrillville, IN 46410

  • For Sale Auction Sale
  • 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 Oct 30, 2024
The Fairfield Inn & Suites is at 8275 Georgia Street, Merrillville, IN. It is conveniently located near I-65, providing easy access to attractions like Westfield Southlake Mall, just one mile away. Visitors can also find Methodist Hospitals and various entertainment venues within minutes. For nature enthusiasts, Indiana Dunes National Park and Lake Michigan are approximately 10 miles away. Merrillville is a popular travel stop due to its strategic location between Chicago and Indianapolis. This location attracts business travelers because of nearby corporate offices such as NiSource, Centier Bank, U.S. Steel (Gary), and AmeriPlex at the Crossroads. Merrillville is in northwest Indiana's Lake County, about 40 miles southeast of downtown Chicago and 140 miles north of Indianapolis. Its proximity to major cities enhances its role as a transportation hub. I-65 primarily serves the area. U.S. Route 30 runs through the city, adding regional connectivity alongside I-80 and I-94 for broader Midwest access. These roads make Merrillville a convenient hub for regional travelers.The Fairfield Inn & Suites Merrillville, a lender-owned 112-room property, presents a prime investment opportunity, available in the December 11th auction event via Crexi. This property is being offered unencumbered of brand, debt and management, presenting a great opportunity for repositioning. Located less than an hour's drive from Chicago and near U.S. Highway 30, with heavy traffic and easy access to I-65, the hotel is positioned in a high-demand area close to NiSource, Centier Bank, and the AmeriPlex industrial parks. Nearby leisure attractions include Indiana Dunes National Park, Deep River Waterpark and Southlake Mall, adding to its demand base.

Want more info on this listing?

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

Contacts

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)

Location

Getting Around

  • Walk Score ®

    36/100 Car-Dependent

  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Hooters

    0.20 miles

  • Bob Evans

    0.32 miles

  • Red Lobster

    0.37 miles

  • Portillo's

    0.42 miles

  • Jimmy John's

    0.44 miles

  • Popeyes

    0.44 miles

  • Sophia's Famous Pancakes

    0.46 miles

  • Qdoba

    0.47 miles

  • Panera Bread

    0.48 miles

  • Outback Steakhouse

    0.49 miles

  • Clifford Pierce Middle School

    1.53 miles

  • Homer Iddings Elementary School

    1.69 miles

  • Merrillville High School

    1.87 miles

  • Jonas E Salk Elementary School

    2.49 miles

  • Henry P Fieler Elementary School

    2.79 miles

  • Andrean High School

    2.96 miles

  • Saints Peter and Paul School

    3.18 miles

  • Harrison Middle School

    3.21 miles

  • John Wood Elementary School

    3.48 miles

  • Timothy Ball Elementary School

    3.76 miles

  • Nana's Preschool and Learning Center

    5.49 miles

  • Kidzone Early Learning Center

    5.71 miles

  • My School Child Care

    5.76 miles

  • Li'l Rascals

    7.28 miles

  • Hattie's Daycare & Preschool

    8.76 miles

  • Anew Life Child Care Ministry

    9.16 miles

  • Grand Tots Intergenerational Daycare Center

    9.69 miles

Frequently Asked Questions

How much does Lender Owned Fairfield Inn & Suites Merrillville IN cost?

The sale price for Lender Owned Fairfield Inn & Suites Merrillville IN is available upon request. Contact the listing broker for more information.

What is the total square footage of Lender Owned Fairfield Inn & Suites Merrillville IN?

Lender Owned Fairfield Inn & Suites Merrillville IN totals 51,629 square feet.

When was this property built?

Lender Owned Fairfield Inn & Suites Merrillville IN was built in 1990.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)