Map of Property

Suburban Studios and Rodeway Inn Listing Details & Market Data

935 W State Road 42, Brazil, IN 47834

  • For Sale $1,495,000
  • 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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Attachments

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

Contacts

broker

Ben Rohlfing

NewGen Advisory

(217) 343-0147

Location

Getting Around

  • Walk Score ®

    Car-Dependent (15)

  • Bike Score ®

    Somewhat Bikeable (29)
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  • 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

  • Family Table

    0.05 miles

  • Burger King

    0.05 miles

  • Iron Skillet

    0.15 miles

  • Subway

    0.44 miles

  • McDonald's

    0.45 miles

  • Long John Silver's

    5.14 miles

  • Dairy Queen

    5.23 miles

  • Pappy's Bar-B-Que

    5.40 miles

  • Jack's Fine Foods

    5.40 miles

  • Hardee's

    5.49 miles

  • Jackson Township Elementary School

    3.32 miles

  • Staunton High School

    4.56 miles

  • Staunton Elementary School

    4.58 miles

  • Forest Park Elementary School

    4.90 miles

  • Pinckey School

    5.07 miles

  • Jackson School

    5.20 miles

  • Northview High School

    5.41 miles

  • North Clay Middle School

    5.47 miles

  • Meridian Street Elementary School

    5.59 miles

  • East Side Elementary School

    5.67 miles

  • Little Life Daycare Preschool

    9.58 miles

Contact Listing Broker

broker

Ben Rohlfing

NewGen Advisory

(217) 343-0147