Lender Owned Hampton Inn Merrillville IN

8353 Georgia Street, Merrillville, IN 46410

  • For Sale Auction Sale
  • Property Type Other
  • Property Size 31,602 SF
  • Units 64
  • Lot Size 2.09 Acre
  • Additional Rent Contact for pricing
  • Year Built 1995
  • Date Updated Oct 30, 2024
The Hampton Inn is at 8353 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 Hampton Inn Merrillville, a lender-owned 64-room property, presents a prime investment opportunity in the December 11th auction event via Crexi. This property is being offered unencumbered by brand, debt, and management, presenting an excellent 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.

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Highlights

  • Lender-owned sale of the fee simple interest in the 64-room Hampton Inn in 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 Fairfield Inn & Suites 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 ®

    29/100 Car-Dependent

  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Merrillville, IN
  • Zip Code 46410
  • Market Chicago

Points of Interest

  • Gary Metro Center

    9.59 miles

  • Luke

    0.45 miles

  • Costco Gasoline

    0.57 miles

  • BP

    0.61 miles

  • Speedway

    0.64 miles

  • Tesla Supercharger

    0.94 miles

  • Sam's Club

    1.43 miles

  • Marathon

    1.44 miles

  • Mobil

    1.91 miles

  • AmpUp

    9.73 miles

  • The Fieldhouse

    2.14 miles

  • Employee Parking

    2.70 miles

  • St. Andrean High School Parking

    3.02 miles

  • Andrean High School parking

    3.05 miles

  • Games

    4.04 miles

  • Buses and Vans

    4.12 miles

  • School Bus Parking

    5.51 miles

  • Village Mall parking

    6.25 miles

  • Accessible Parking

    6.51 miles

  • Griffith Municipal Parking Lot

    6.60 miles

  • Hampton Inn Merrillville

    0.01 miles

  • Baymont Merrillville

    0.05 miles

  • Red Roof Inn

    0.09 miles

  • Fairfield Inn & Suites Merrillville

    0.12 miles

  • Extended Stay America - Merrillville - Us Rte. 30

    0.16 miles

  • Candlewood Suites Merrillville

    0.16 miles

  • Country Inn & Suites, Merrillville, IN

    0.17 miles

  • Comfort Suites Merrillville near US 30

    0.21 miles

  • Quality Inn Merrillville

    0.25 miles

  • Super 8 by Wyndham Merrillville

    0.27 miles

  • Hooters

    0.29 miles

  • Bob Evans

    0.40 miles

  • Red Lobster

    0.44 miles

  • Pepe's

    0.47 miles

  • Portillo's

    0.47 miles

  • Popeyes

    0.49 miles

  • Jimmy John's

    0.50 miles

  • Applebee's

    0.51 miles

  • Qdoba

    0.51 miles

  • Panera Bread

    0.52 miles

  • Clifford Pierce Middle School

    1.65 miles

  • Homer Iddings Elementary School

    1.79 miles

  • Merrillville High School

    1.99 miles

  • Jonas E Salk Elementary School

    2.52 miles

  • Henry P Fieler Elementary School

    2.91 miles

  • Andrean High School

    3.08 miles

  • Saints Peter and Paul School

    3.29 miles

  • Harrison Middle School

    3.32 miles

  • John Wood Elementary School

    3.53 miles

  • Timothy Ball Elementary School

    3.66 miles

  • Nana's Preschool and Learning Center

    5.43 miles

  • Kidzone Early Learning Center

    5.64 miles

  • My School Child Care

    5.69 miles

  • Li'l Rascals

    7.25 miles

  • Hattie's Daycare & Preschool

    8.89 miles

  • Anew Life Child Care Ministry

    9.28 miles

  • Grand Tots Intergenerational Daycare Center

    9.61 miles

Frequently Asked Questions

How much does Lender Owned Hampton Inn Merrillville IN cost?

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

What is the total square footage of Lender Owned Hampton Inn Merrillville IN?

Lender Owned Hampton Inn Merrillville IN totals 31,602 square feet.

When was this property built?

Lender Owned Hampton Inn Merrillville IN was built in 1995.

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Contact Listing Broker

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)