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    220 E Logan Street

    Markle, IN 46770
    • $143,300
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 202114910
    UPDATED: 49 min ago
    $143,300
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,354
      SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    ***All offers must be submitted via www.NessBros.com and high offer amount will be available to public (no secret/sealed bids, everything is transparent and visible, all buyers have equal/fair playing field). Two highest offers will be reviewed Tuesday, May 25th @ 3:00 pm. There will be only one inspection viewing date held on Sunday, May 16th from (1-3). This will be the only time to see inside the rental units due to Occupancy of Tenants.*** This is a Commercial Motels/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. Formerly the Slumber Inn, The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place. The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot. The Home has 1,364sqft of Living Space with 2 Beds 10x12, 1 Bath, Large 18x16 Living, Kitchen 10x12, Dining 19x15, a 16'x24' Deck for Entertaining and a 14'x22' Detached Garage with 8'x14' Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility........... ***Auctioneer reserves the right to make changes to an auction, to split or combine lots, cancel, suspend, or extend the auction event. This property is LISTED at ASSESSED VALUE and may sell at, above, or below listed price depending on the outcome of the auction bidding.***

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    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group. Data last updated: 2021-05-08T21:27:50.8.

    www.aimeeness.com/homes/116624781
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    220 E Logan Street Markle, IN 46770

    • Price: $143,300
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 202114910
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    4,354
    SQFT
    $33
    $/SQFT
    1947
    Built
    Neighborhood:
    None
    County:
    Wells
    Area:
    Wells
    Property Description
    ***All offers must be submitted via www.NessBros.com and high offer amount will be available to public (no secret/sealed bids, everything is transparent and visible, all buyers have equal/fair playing field). Two highest offers will be reviewed Tuesday, May 25th @ 3:00 pm. There will be only one inspection viewing date held on Sunday, May 16th from (1-3). This will be the only time to see inside the rental units due to Occupancy of Tenants.*** This is a Commercial Motels/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. Formerly the Slumber Inn, The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place. The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot. The Home has 1,364sqft of Living Space with 2 Beds 10x12, 1 Bath, Large 18x16 Living, Kitchen 10x12, Dining 19x15, a 16'x24' Deck for Entertaining and a 14'x22' Detached Garage with 8'x14' Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility........... ***Auctioneer reserves the right to make changes to an auction, to split or combine lots, cancel, suspend, or extend the auction event. This property is LISTED at ASSESSED VALUE and may sell at, above, or below listed price depending on the outcome of the auction bidding.***
    Exterior Features

    Construction Type1 1/6 Masonry Driveway Asphalt Exterior AluminumVinyl Fence None Fire Doors YN No Lighted Parking YN Yes Location City Lot Dimensions 179 X 176 Parcel Description Irregular Parking GarageLotPaved Parking Spaces 12 Parking Type Paved Parking YN Yes Road Access City Road Surface Paved Roof Material Asphalt Security Light YN Yes Sign Type Street Sign Pole/Sign Signs YN Yes Water Features None Waterfront YN No

    Interior Features

    Basement Foundation Slab Basement YN No Bldg1 Above Grd Sq Ft 1364 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 0 Bldg2 Above Grd Sq Ft 2682 Bldg2 Below Grd Sq Ft 0 Bldg2 Fin Office Sq Ft 0 Bldg3 Above Grd Sq Ft 308 Bldg3 Below Grd Sq Ft 0 Ceiling Height 8' Column Spacing 3' Cooling Window Flooring CarpetVinyl Heating Fuel BaseboardElectric Interior Height 8' Interior Walls Drywall Special Features None Total Restrooms 1

    Property Features

    Annual Taxes 2088.5 Auction YN Yes Buildings 2 Burglar Alarm YN No Business Name Formerly Slumber Inn Currently Leased YN Yes Documents Available Aerial PhotoLbp FormLegal DescriptionUtility Bill InformationZoning Electric Company Duke Energy Indiana Enterprise Zone No Equipment YN No Fire Protection City For Sale Or Rent For Auction Ingress Egress None Known Soil Other Contaminants YN No Known Underground Storage Tanks YN No Lease Available YN No Lease Term Remaining 12 Months Lighted Intersection YN No New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Hotel/MotelOther Property Sub Type Hotel & Motel Property Use Investment Property Proposed Financing CashConventional Reo YN No Sale Includes BuildingLand Security Gate YN No Sewer City Smoke Fire Alarm YN No Sprinkler System YN No Tax Abatement No Township Rock Creek Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2021 Years Established 1947

    Listing courtesy of Andy Eckert of Ness Bros. Realtors & Auctioneers.
    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group.


    © 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group. Data last updated: 2021-05-08T21:27:50.8.

     
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