9520 Valparaiso Ct - Hospitality FOR SALE


Indianapolis, IN 46268- College Park
$5,400,000 USD
317-294-3576
9520 Valparaiso Ct, Indianapolis, IN for Sale
$5,400,000 USD
Hospitality - FOR SALE
1/14
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9520 Valparaiso Ct
Indianapolis, IN 46268
College Park


HIGHLIGHTS

  • 108-key, 100% smoke-free economy hotel
  • Guest room renovations completed in 2024
  • Located off I-465 (Exit 27) bordering Carmel & Zionsville

OVERVIEW

Red Roof Inn Indianapolis North – College Park is a 108-key, 100% smoke-free economy hotel at I-465 Exit 27, serving the fast-growing Carmel/Zionsville corridor and greater Indianapolis. The property features in-room microwaves and mini-refrigerators, free Wi-Fi, guest laundry, and pet-friendly rooms. Guestroom renovations completed in 2024 with no near-term brand PIP reported, offering a turnkey, interstate-visible asset with operational upside. Situated just off I-465 at Exit 27 near the U.S-421/Michigan Road corridor, Red Roof Inn Indy North offers quick, loop-belt access to downtown and the North Side. The site sits on the borders of burgeoning Carmel and Zionsville, putting guests within easy reach of award-winning cities, amenities, major employers, shopping, dining, and attractions while maintaining convenient interstate visibility and access.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$165 USD /SF

# OF ROOMS

99

PRICE/ROOM

$54,545 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Indianapolis North - College

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

106

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,223 SF

ZONING

C4

APN/PARCEL ID

49-03-18-105-006.000-600

ASK ABOUT THIS PROPERTY

Andrew FollmanNAI CressyMore Info
317-294-3576

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Andrew FollmanNAI CressyMore Info
317-294-3576

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