1502 North Baldwin Ave - Hospitality FOR SALE


Marion, IN 46952
$7,250,000 USD
317-493-0055
1502 North Baldwin Ave, Marion, IN for Sale
$7,250,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

1502 North Baldwin Ave
Marion, IN 46952


HIGHLIGHTS

  • Proximity to Multiple Demand Drivers – Ideally positioned along Marion’s primary commercial corridor with convenient access to State Road 9 and region
  • Established University Market – Located just minutes from Indiana Wesleyan University, the hotel benefits from steady, year-round demand generated by
  • Cash-Flowing Business – As an efficient limited-service Hampton by Hilton operation, the property delivers strong operating margins and predictable pe

OVERVIEW

Luke Whittaker and Mitchell Glasson are pleased to present this exceptional opportunity to acquire the well-positioned 73-room Hampton Inn in Marion, Indiana. Located along North Baldwin Avenue in Marion’s primary commercial corridor, the property benefits from proximity to a steady base of corporate and institutional demand, including major employers such as General Motors’ Marion Metal Center. The hotel also draws consistent university-related demand from Indiana Wesleyan University, which attracts visiting faculty, athletic teams, student families, conference attendees, and year-round campus activity. Additional demand is driven by Marion’s convenient regional connectivity between Indianapolis and Fort Wayne. Marion continues to experience stable economic activity supported by a diverse employer base and ongoing regional investment. With limited upper-midscale competition in the immediate area, the Hampton Inn Marion offers investors an attractive opportunity to capture reliable demand and benefit from the long-term strength of a Hilton-backed, nationally recognized brand. ***Unauthorized visits or communication with on-site staff will result in buyer disqualification*** Broker of Record Kyle Matthews License # RC52200195 (IN) Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$164 USD /SF

# OF ROOMS

73

PRICE/ROOM

$99,315 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

Commercial

APN/PARCEL ID

27-02-31-201-009.002-002

ASK ABOUT THIS PROPERTY

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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