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    188 Umbarger Ln Franklin, IN 46131

    For Sale
    $3,200,000

    Hotel/Motel - Franklin, IN

    Property size:
    21,840 SF
    Lot size:
    2.51 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 188 Umbarger Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MRX
    APN
    410718034004000018
    Size
    21,840 SF
    Lot size
    2.51 Acres

    Building Details

    Year built
    1994
    Architectural style
    Other

    Indy Metro Northeast dba Keller Williams Realty (317) 564-7100 [email protected]

    Listing agent Pardeep Singh (317) 564-7100 License #RB23001940

    Listing date Nov 24, 2025

    MLS# 22068868 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hotel/Motel Dual-Brand Investment Opportunity

    This property in Franklin, IN, presents an investment opportunity featuring an Econo Lodge and Relax Inn hotel combination. The dual-brand property offers a total of 88 guest rooms, with 50 rooms in the Econo Lodge and 38 rooms in the Relax Inn. An interior corridor connects the two hotels. Shared amenities include a heated indoor pool and guest laundry facilities. The Relax Inn also features a meeting room. The property is situated on a 2.51-acre lot. The building size is 21,840 square feet. Both hotels have demonstrated steady revenue growth and strong operating performance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.018295
    Latitude
    39.481926

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    FAQs

    What type of property is this?
    Hotel - Two established hotel brands with 88 rooms and shared amenities.
    Where is this hotel located?
    The property is located at 188 Umbarger Ln Franklin, IN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Dual-branded hotel (Econo Lodge / Relax Inn) featuring 88 guest rooms.; - Strong operating performance and steady revenue growth.; - Shared amenities include a heated indoor pool and guest laundry facilities.
    (317) 564-7100
    Request Owner's contact information
    188 Umbarger Ln Franklin, IN 46131
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    Franklin, IN 46131
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    188 Umbarger Ln Franklin, IN 46131
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