3521 Lake City Hwy - Hospitality FOR SALE


Warsaw, IN 46580
$3,200,000 USD
562-685-8984
3521 Lake City Hwy, Warsaw, IN for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

3521 Lake City Hwy
Warsaw, IN 46580


HIGHLIGHTS

  • Prime Location: Situated along the high-traffic Lake City Highway (US-30) corridor, ensuring excellent visibility and accessibility for both transient
  • Brand Conversion Opportunity: Potential for Key Money from well-established hotel brands such as Choice Hotels, Wyndham, and Red Roof Inn
  • Fully Equipped Kitchen Suites: 20 kitchen suites featuring stovetop, refrigerator, microwave, and sink
  • Recent Capital Improvements: Extensive renovations and updates including a new roof, upgraded plumbing, electrical systems, new drywall, New Furniture

OVERVIEW

A rare opportunity to acquire a well-established hotel on the thriving Lake City Highway (US-30) corridor in Warsaw, Indiana. This 70-room property includes 20 fully equipped kitchen suite rooms, ideally suited for both transient and extended-stay guests. The property offers a unique opportunity for brand conversion, with potential Key Money available from leading hotel chains such as Choice Hotels, Wyndham, and Red Roof Inn, providing a clear pathway to enhance revenue through affiliation with these reputable and established brands. Strategically located just minutes from Zimmer Biomet’s global headquarters, the hotel is surrounded by a strong base of major medical device manufacturers and industrial employers that anchor the region’s economy. Warsaw is widely recognized as the “Orthopedic Capital of the World,” providing a steady stream of business travelers, contractors, and visiting professionals. Nearby Major Employers & Business Centers: Zimmer Biomet – Global HQ of the Fortune 500 medical device leader DePuy Synthes (a Johnson & Johnson company) – Orthopedic and surgical solutions manufacturer Medtronic – Major operations facility for spinal and biologics technologies Paragon Medical – Precision manufacturer for medical implants and surgical tools CTB, Inc. (a Berkshire Hathaway company) – Leading agricultural equipment manufacturer Warsaw Industrial Park – Hub for logistics, fabrication, and warehousing businesses Winona Lake – Scenic lakeside community offering cultural, recreational, and tourism-driven growth The hotel benefits from a stable demand base, professional operations, and recent updates that enhance its competitive positioning. With the area's strong employment landscape, growing population, and consistent business travel, this is a prime investment in one of Indiana’s most economically robust small cities. Investment Highlights: 70 Guest Rooms, including 20 Kitchen Suites High-traffic location on US-30 with excellent visibility Minutes from major employers including Zimmer Biomet, DePuy Synthes, and Medtronic Strong extended-stay demand from contractors and medical professionals Ample on-site parking and convenient highway access This is a turnkey acquisition perfect for an owner-operator or investor looking for a stable, income-generating hospitality asset in a dynamic and growing market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$91 USD /SF

# OF ROOMS

70

PRICE/ROOM

$45,714 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-3 A

APN/PARCEL ID

43-11-14-400-874.000-032

ASK ABOUT THIS PROPERTY

Deep PatelShivpal LLCMore Info
562-685-8984

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Deep PatelShivpal LLCMore Info
562-685-8984

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