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Property profile & analytics
OFF-MARKET Estimated value $1,130,000
Hotels

404 Northpointe Blvd Elkhart, IN 46514-6769

43,726 SF 1.66 ac lot Built 1999
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US31-0546633
Property summary
AI-generated overview

This exceptional investment opportunity presents a 62-room Comfort Suites hotel ideally situated at 404 Northpointe Boulevard, Elkhart, Indiana. Boasting a 1.66-acre lot, this established property offers significant potential for growth and strong returns. Its convenient location provides easy access to Elkhart Municipal Airport, a mere five-minute drive away. The hotel benefits from its proximity to a variety of popular dining establishments including Cracker Barrel, Olive Garden, Buffalo Wild Wings, and Texas Roadhouse, enhancing its appeal to both business and leisure travelers. Elkhart's strategic location, a short 17-mile drive east of South Bend via Interstate 90, places it within reach of major attractions and economic drivers. The city itself is home to a diverse range of businesses and institutions, including Heartland RV, Elkhart General Hospital, and numerous recreational and educational facilities such as the Wellfield Botanic Gardens and the RV/MH Hall of Fame & Museum. The proximity to South Bend International Airport and the University of Notre Dame further strengthens the property's market position and potential for consistent occupancy. This well-established hotel presents a compelling investment opportunity for qualified buyers seeking a proven asset in a thriving market. The asking price is $4,000,000. Property tours are available by appointment only.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1999
Construction WOOD
Total area 43,726 SF
Lot 1.66 ac (72,222 SF)
Zoning code ZO01
APN 20-02-20-126-008.000-027
UPID US31-0546633
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Comfort Suites North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$710k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.13M
Owner & transaction history
1008 Shree Mounlkrupa LLC · 12 yrs held
1008 Shree Mounlkrupa LLC
since 2014
3 recorded transactions
2014
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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