220 E Logan Street Markle, IN 46770 Pending

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(260) 336-2122
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Hotel & Motel • 74Y Old

$139,900

220 E Logan Street

0.59 Acres
Property Description

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.

Directions

From Fort Wayne go South on I-69 to Hwy 224 turn East towards Markle, Property is on the South Side of road past N. Clark St.

Map to 220 E Logan Street, Markle, IN 46770

Property
MLS # 202114910
Status Pending
Property Type Commercial
Property SubType Hotel & Motel
New Construction No
Type Hotel & Motel
Annual Taxes $2,088.50
Year Taxes Payable 2021
Year Built 1947
Virtual Tour propertypanorama.com »
Days on Market 29
External Features
Construction Hotel & Motel
Lot Size 25,700 sq ft
Acreage 0.59 Acres
Lot Dimensions 179 x 176
Fence None
Location
Area Wells County
County Wells
Subdivision None
Township Rock Creek
City Markle
State IN
Zip 46770
Financial
Assoc. Dues $0.00

MLS# 202114910.
Listing Provided Courtesy of Andy Eckert
Ness Bros. Realtors & Auctioneers

IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Saturday, June 19th, 2021 at 2:00 PM EDT.

Learn More About 220 E Logan Street

Presented By
Rofkahr & Culler
(260) 336-2122
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Rofkahr & Culler about your request. Please see our Privacy Policy.