Limited-Service Hotel with Meeting
For Sale
Contact for pricing
75 INDIANA ST, Jasper, IN 47546
For sale Super 8 by Wyndham in Jasper featuring 56 keys, an outdoor pool, and 400 sq ft of meeting/event space.
Property Size19,535 SF
Lot Size1.14 Acres
Price / SF$107.50
Days on Market59
Property Features for 75 INDIANA ST
General Information
Standard status
Active
Size
19,535 SF
Total Parking Spaces
89
Lot size
1.14 Acres
Property subtype
Hospitality
Occupancy
42%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Stories
3
Tenancy
Single
Listing Agency:
Moon Realty USA
Listed By:
Suresh Patel · License #12345
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 3 at 10:21AM
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 Moon Realty USA
Investment Insights
Based on property information with market context.
The Super 8 by Wyndham Jasper is a limited-service, three-story interior corridor hotel with 56 rooms, built in 1995. The property includes an outdoor pool, business center, high-speed internet, and approximately 400 square feet of meeting/event space. Guest parking totals 89 surface spaces, or about 1.59 spaces per room. The asset operates under a long-term Super 8 by Wyndham franchise affiliation.
Located in Jasper, Indiana, the hotel is positioned for convenient access and visibility along US 231, the primary north-south corridor serving Dubois County and the broader region. The demand base is described as diversified, supported by major manufacturing employers including Kimball International, MasterBrand Cabinets, and Jasper Engines & Transmissions, along with institutional demand from Deaconess Memorial Medical Center and the Vincennes University Jasper campus.
In 2025, the property delivered an operational turnaround, with room revenue increasing 26.0% year-over-year to $701,139. Improvements were supported by a 7.33 percentage point rise in occupancy to 42.25% and a 4.6% increase in ADR to $81.29. The offering notes strong relative performance versus the competitive set, supported by a RevPAR Index (RGI) of 219.7 in 2025 and an expanded demand mix that also includes events and leisure travel tied to Strassenfest and nearby regional attractions.
Located in Jasper, Indiana, the hotel is positioned for convenient access and visibility along US 231, the primary north-south corridor serving Dubois County and the broader region. The demand base is described as diversified, supported by major manufacturing employers including Kimball International, MasterBrand Cabinets, and Jasper Engines & Transmissions, along with institutional demand from Deaconess Memorial Medical Center and the Vincennes University Jasper campus.
In 2025, the property delivered an operational turnaround, with room revenue increasing 26.0% year-over-year to $701,139. Improvements were supported by a 7.33 percentage point rise in occupancy to 42.25% and a 4.6% increase in ADR to $81.29. The offering notes strong relative performance versus the competitive set, supported by a RevPAR Index (RGI) of 219.7 in 2025 and an expanded demand mix that also includes events and leisure travel tied to Strassenfest and nearby regional attractions.
Key Highlights
- 56‑key, three‑story interior corridor Super 8 by Wyndham in Jasper built in 1994 on 1.14 acres
- Outdoor pool plus 400 SF meeting/event space and a business center
- High‑speed internet and 89 surface parking spaces (1.59 per room)
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.0k | $15.00 |
| − Vacancy | −$35.2k | −$1.80 |
| EGI | $257.9k | $13.20 |
| − OpEx | −$135.4k | −$6.93 |
| NOI | $122.5k | $6.27 |
19,535 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.75M
$1.53M – $2.04M
NOI $122,484 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$138.78M
$121.43M – $161.91M
NOI $9,714,693 @ 7.0% cap · market cap 462.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
42.3%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 47546, IN
22,445
Population
10,080
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
185
Density / Sq Mi
$67,806
Median Household Income
$41,824
Median Earnings
$767
Median Rent
$232,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - For sale Super 8 by Wyndham in Jasper featuring 56 keys, an outdoor pool, and 400 sq ft of meeting/event space.
Where is this hotel located?
The property is located at 75 INDIANA ST Jasper, IN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 56‑key, three‑story interior corridor Super 8 by Wyndham in Jasper built in 1994 on 1.14 acres; Outdoor pool plus 400 SF meeting/event space and a business center; High‑speed internet and 89 surface parking spaces (1.59 per room)
