Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7834 Progress Way Newberry, IN 47449

    For Sale
    $6,700,000

    Hotel/Motel,Resort, Hotel & Motel - Newberry, IN

    Lot size:
    6.10 Acres
    Days on Market:
    99
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 7834 Progress Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    74
    APN
    28-13-36-000-015.010-019
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Drapes, Office Space, Reception Area, Ventilating/Exhaust Fans, Other
    Exterior features
    Drapes, Office Space, Reception Area, Ventilating/Exhaust Fans, Other
    Lot size
    6.10 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    2019
    Floors in Building
    4
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Stone, Stucco
    Roof type
    Rubber
    Architectural style
    Other

    Brooks Galloway Real Estate (812) 936-7301

    Listing agent Brooks Galloway (812) 936-7301

    Listing date Aug 29, 2025

    MLS# 202507411 Listing URL

    Copyright © 2025 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Hotel Near Crane Naval

    This modern 72-room hotel, comprised of 29 Main Stay Suites and 43 Sleep Inn rooms, opened in late 2019. The property features a contemporary design with state-of-the-art amenities, focusing on guest comfort and operational efficiency. Situated on a 6.1-acre lot near Interstate 69 and the expanding Crane Naval Base and Crane West Gate, the hotel benefits from a strategic location that drives consistent occupancy. The property is located in Newberry, Indiana. According to current ownership, the hotel also benefits from overflow from events at Indiana University in Bloomington. The hotel serves Crane Naval Base and the communities of Bloomfield, Loogootee, and Linton. The property is located in Greene County, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Greene
    State
    Indiana
    Longitude
    -86.921888
    Latitude
    38.906519

    Nearby Similar for Sale

    • $6,700,000
      6.10 Acres

      Modern Hotel Near Crane Naval

      72-room hotel near Crane Naval Base and I-69.
      7834 Progress Way, Newberry, IN 47449
      View Details

    FAQs

    What type of property is this?
    Hotel - 72-room hotel near Crane Naval Base and I-69.
    Where is this hotel located?
    The property is located at 7834 Progress Way Newberry, IN.
    What is the asking price?
    The asking price for this property is $6,700,000.
    What are key features of this property?
    This property features: - Modern Hotel opened late 2019, featuring 72 rooms: 29 Main Stay Suites & 43 Sleep Inn.; - Strategic location near Interstate 69, Crane Naval Base, and Crane West Gate.; - No other modern mid-market hotels within 30 minutes.
    (812) 936-7301
    Request Owner's contact information
    7834 Progress Way Newberry, IN 47449
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7834 Progress Way
    Newberry, IN 47449
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7834 Progress Way Newberry, IN 47449
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.