Renovated Motel Near Regional
4201 N Highway 41 Evansville, IN 47711
For Sale
$1,500,000
102-unit motel with recent renovations and rebranding potential.
Days on Market250
Property Features for 4201 N Highway 41
General Information
Standard status
Active
Property subtype
Hospitality
Building Details
Year Built
1973
Listing Agency:
(812) 453-3102
Listed By:
Scott Edmond · License #IN #RB15000270
(812) 453-3102
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jun 26 at 7:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scott Edmond
Investment Insights
Based on property information with market context.
This 102-unit motel has undergone recent renovations, including exterior painting and new landscaping. Nearly all rooms have been updated with new paint, flooring, and finishes to align with the branding standards of several major economy hotel franchises, offering flexibility for future rebranding. Heating and cooling are managed by PTAC units, most of which have been replaced within the last five years. Constructed with masonry block walls, typical of its era, the property features uniformly sized rooms with single or double bed configurations. Nine units have been converted into a master apartment. The property includes a small on-site office and laundry facilities. A 60'x20' building designed for self-storage is located on the north end of the property and is currently used for business storage, presenting a potential source of additional rental income. The motel is strategically located near the regional airport along a major highway on the north side of Evansville, IN. The area has seen substantial redevelopment over the past 24 months, including a mixed-use shopping center with a newly opened restaurant, fitness club, and indoor shooting range directly to the south. The former Clarion Inn at the Lynch Road intersection is undergoing extensive renovation into residential apartments.
Key Highlights
- High unit count (102 units) priced at $18,627/unit.
- Strategic location near the regional airport and a major highway in a redeveloping area.
- Value‑add opportunity through rebranding with a national hotel flag due to recent renovations aligned with major economy hotel franchise standards.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- PT6 Inn — 4201 Hwy 41 N, Evansville, IN 47711
- The Cottonwood Center — 4925 Hitch and Peters Rd, Evansville, IN 47711
- Comfort Inn & Suites Evansville Airport — 3901 US-41, Evansville, IN 47711
- Motel 41 — 4321 Hwy 41 N, Evansville, IN 47711
Frequently Asked Questions
What type of property is this?
Motel - 102-unit motel with recent renovations and rebranding potential.
Where is this motel located?
The property is located at 4201 N Highway 41 Evansville, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High unit count (102 units) priced at $18,627/unit.; Strategic location near the regional airport and a major highway in a redeveloping area.; Value‑add opportunity through rebranding with a national hotel flag due to recent renovations aligned with major economy hotel franchise standards.
