3610 S Nappanee St - Hospitality FOR SALE


Elkhart, IN 46517- South Elkhart
$6,700,000 USD
574-274-2765
3610 S Nappanee St, Elkhart, IN for Sale
$6,700,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

3610 S Nappanee St
Elkhart, IN 46517
South Elkhart


OVERVIEW

McKinnies Realty is pleased to present the Holiday Inn Express & Suites Elkhart-South, an IHG Hotel, a 70-room, three-story upper-midscale asset located at 3610 S Nappanee Street in Elkhart, Indiana. The property is offered at $6,700,000. This IHG-branded hotel has demonstrated consistent market leadership. The property’s sustained outperformance reflects strong management, stable corporate demand, and competitive positioning within the submarket. Property Highlights 70 guestrooms | Three stories Indoor heated pool Fitness center Business center Complimentary breakfast area All PTAC units recently replaced Strong IHG brand affiliation Strategic Location – “RV Capital of the World” Elkhart anchors the Elkhart-Goshen MSA and is nationally recognized as the “RV Capital of the World.” The area supports a diverse manufacturing economy including recreational vehicles, musical instruments, pharmaceuticals, electronic components, and manufactured housing. Major nearby employers include: Forest River (4.8 miles) Thor Motor Coach (7.8 miles) Bennington Pontoon Boats (9.5 miles) Keystone RV (17.5 miles) NIBCO Incorporated (5.6 miles) Elkhart Brass Manufacturing (3.6 miles) The Hotel also benefits from proximity to University of Notre Dame (16.4 miles; 12,000+ enrollment) and five additional colleges, driving year-round visitation and event-based compression demand. Diverse Leisure Demand Generators Leisure attractions supporting occupancy include: RV/MH Hall of Fame & Museum Elkhart County 4-H Fair (200,000+ annual attendees) Ruthmere Campus & Midwest Museum of American Art Amish tourism destinations including The Barns in Nappanee Blue Gate Theatre (1,500-seat venue) Economic Growth & Development Elkhart continues to experience meaningful investment and expansion, including: $7.3 million Indiana Toll Road entrance revitalization Voyant Beauty 20,000 SF manufacturing expansion South Main mixed-use development Amazon’s new 800,000 SF fulfillment center Additionally, upper-midscale RevPAR in the South Bend/Elkhart submarket increased 4.1% in 2024, reinforcing positive market fundamentals. The Holiday Inn Express & Suites Elkhart-South presents investors with an opportunity to acquire a well-maintained, nationally branded hotel demonstrating sustained RevPAR outperformance in a diversified and growing Midwestern market. For additional information, financials, or to schedule a tour, please contact the listing team.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$107 USD /SF

# OF ROOMS

70

PRICE/ROOM

$95,714 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Elkhart-South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2004

PARKING SPACES

123

LAND DETAILS

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

ZO01

APN/PARCEL ID

20-06-19-151-011.000-011

ASK ABOUT THIS PROPERTY

Arpita ShahMcKinnies Realty LLCMore Info
574-274-2765

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Arpita ShahMcKinnies Realty LLCMore Info
574-274-2765

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