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    Middlebury, IN Lagrange, IN White Pigeon, MI Sturgis, MI Howe, IN Bristol, IN Goshen, IN Constantine, MI
    Boutique Hotel with Off-Street Parking
    Updated: May 28
    Boutique Hotel with Off-Street Parking

    240 E Farver Street, Shipshewana, IN 46565

    $595,000
    1.14 AC lot
    11‑room boutique lodging property plus owner’s 3‑bedroom living quarters
    Directly across from Michiana Event Center
    Walking path to one of the largest flea markets in the United States
    Just minutes from Blue Gate Theatre entertainment district
    1.14‑acre site with off‑street parking
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Shipshewana, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Limited-Service Hotel with Indoor Pool
    Limited-Service Hotel with Indoor Pool

    3250 Northview Dr, Elkhart, IN 46514

    Contact for pricing
    35,362 sqft

    Country Inn & Suites offers 50 rooms across four floors and includes meeting space, indoor pool, and fitness amenities.

    View details
    Hilton Garden Inn Hotel
    Hilton Garden Inn Hotel

    1300 CINEMA WAY, Benton Harbor, MI 49022

    Contact for pricing
    73,505 sqft 4.02 AC lot

    106-room Hilton hotel in Southwest Michigan hospitality corridor.

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    Historic Concrete Hotel Building
    Historic Concrete Hotel Building

    93 W Wall St, Benton Harbor, MI 49022

    $795,000

    House of David Hotel is a heavily built concrete structure ready for restoration with a roof replacement over 14 years ago.

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    Three-Story Comfort Suites Hotel
    Three-Story Comfort Suites Hotel

    27838 Co Rd 24, Elkhart, IN 46517

    Contact for pricing

    53-room Comfort Suites offers an indoor heated pool, whirlpool, and 1,000 square feet of meeting space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Interstate-Adjacent Commercial Land
    Interstate-Adjacent Commercial Land

    220 W 815 N, Howe, IN 46746

    $1,800,000
    40.21 AC lot

    Commercial land positioned near I-80, I-90, and State Rd 9 with access from 220 W 815 N.

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    Off-Market Properties in Shipshewana, IN

    Consider similar Off-Market properties in Shipshewana, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1175 Van Buren St
    HOTEL/MOTEL

    1175 Van Buren St, Shipshewana, IN 46565-8746

    $545,000
    Estimated value
    25,026 sqft 3.00 AC lot
    View details
    1195 Van Buren St
    HOTEL/MOTEL

    1195 Van Buren St, Shipshewana, IN 46565-8804

    $165,000
    Estimated value
    11,572 sqft 2.20 AC lot
    View details
    740 Van Buren St
    HOTEL/MOTEL

    740 Van Buren St, Shipshewana, IN 46565-8611

    $325,000
    Estimated value
    22,800 sqft 1.17 AC lot
    View details
    800 Van Buren St
    HOTEL/MOTEL

    800 Van Buren St, Shipshewana, IN 46565-8610

    $790,000
    Estimated value
    100,349 sqft 6.27 AC lot
    View details
    370 Van Buren St
    HOTEL/MOTEL

    370 Van Buren St, Shipshewana, IN 46565-9200

    $845,000
    Estimated value
    58,143 sqft 10.83 AC lot
    View details

    Shipshewana, IN Hotels Market Trends and Statistics

    Explore 6 hotels for sale in Shipshewana, IN on our real estate platform.

    Sale prices for resorts in Shipshewana, IN average $595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 8,718
    Population Growth (5Y) +0.2%
    Median Household Income $95,578
    College Educated 9.8%

    High-Yield Neighborhoods for Investment

    Identify Shipshewana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46565 $595K

    Taxes & Financing

    Tax Rate (average for all types) 1.70%
    Property Tax per SF $38.00 per SF
    Tax Rate vs County Average 0.10 pp above county avg
    Average Loan-to-Value 65.0%

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