8850 21st St Indianapolis, IN 46219-1937
Property profile & analytics
8850 21st St, Indianapolis, IN 46219-1937
- Hotels
- 20,280 SF
- 3.43 lot acres
Property ID
US31-0133956
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Country Hearth Inn & Suites Indianapolis / Hotel & Motel
Property Details for 8850 21st St
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 3.43 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 49-08-30-114-009.000-700
- APU
- 490830114009000700
Description
This fee-simple property, the Country Road Inn, presents a compelling value-add opportunity in Indianapolis, Indiana. Located at 8850 East 21st Street and 2140 N. Boehning Street, zip code 46219, this 55,768 square foot motel sits on a 4.83-acre lot zoned C-4, offering significant redevelopment potential. The property comprises four buildings, totaling 126 keys, with 80 currently rented weekly. Building A features 48 rooms, Building B has 37, and Building C contains 41 rooms. A separate front office building includes a manager's living quarters, front desk, and additional space. Built in 1973, the motel is a two-story structure with one parking space per key. The current gross operating income is $650,000. The property is being sold "as is" and requires a full renovation, including exterior, interior, and roof work. This presents an ideal opportunity for rebranding as an economy motel or extended-stay franchise. The property's prime location and substantial size make it an attractive investment for those seeking a significant redevelopment project with high upside potential in a thriving market. The property is currently operating as an independent extended-stay motel.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.012
- Latitude
- 39.7977
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,754
$493,500
$507,500
$1,001,000
-
$493,500
$507,500
$1,001,000
