Map of Property

Suburban Studios and Rodeway Inn

For Sale

935 W State Road 42, Brazil, IN 47834

This Brazil property for sale is located at 935 W State Road 42. The current listed sale price for Suburban Studios and Rodeway Inn is $1,495,000. Suburban Studios and Rodeway Inn is situated on a lot that is 7.1 acre in size.

Contacts

broker

Ben Rohlfing

NewGen Advisory

(217) 343-0147

Property Details

  • Property Type Other
  • Property Size 21,696 SF
  • Units 69
  • Lot Size 7.1 Acre
  • Year Built 1971
  • Date Updated Apr 10, 2024
Brazil is a rural town with rich culture that is located an hour south of Indianapolis. Brazil neighbors the town of Terre Haute, which is the home of Indiana State University.The Bowman Post Group of NewGen Advisory is pleased to present for sale the Rodeway Inn and Suburban Studios dual branded hotel located in Brazil, Indiana, just an hour outside of Indianapolis. Brazil is easily accessible and neighbors the town of Terre Haute, with a population of 60,774 and home to Indiana State University. The Rodeway and Suburban Studios operate out of one lobby with a lot size of about 7 acres. This is an ideal property for an owner-operator.

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Highlights

  • 69 Units with a mix of Short-term and long-term stay with 2 Manager's Apartments
  • 3 Rodeway rooms currently used as storage could be brought back in easily
  • Well Located on Interstate 70
  • Offered at $21,666/ Unit
  • 2023 Room Revenue: $572,690
  • March 2024 Trailing Twelve Month Revenue: $666,887
  • Well priced at 2.2x Trailing Twelve Month Revenue
  • 14.37% 2023 Cap Rate

Attachments

Getting around

  • 15/100

    Walk Score ®

  • 29/100

    Bike Score ®

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Location

  • City Brazil, IN
  • Neighborhood Brazil
  • Zip Code 47834

Points of Interest

  • Road Ranger

    0.09 miles

  • BP

    0.14 miles

  • Speedway

    0.50 miles

  • Marathon

    4.14 miles

  • BP

    5.34 miles

  • Speedway

    5.35 miles

  • Circle K

    5.64 miles

  • Shell

    5.81 miles

  • Speedway

    5.97 miles

  • Casey's General Store

    6.04 miles

  • Best Western Plus Covered Bridge Inn

    0.07 miles

  • Angel's Pet Grooming & Bed and Breakfast

    9.81 miles

  • Walmart

    6.11 miles

  • Poland Grocery & Hardware

    9.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Ben Rohlfing

NewGen Advisory

(217) 343-0147