Suburban Studios- COMING SOON | 5820 Franklin St
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Suburban Studios- COMING SOON 5820 Franklin St Services hôteliers 72 chambres 3 028 550 € (42 063 €/Chambre) Michigan City, IN 46360
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RÉSUMÉ ANALYTIQUE
**Suburban Studios – Suburban Collection**
FOR SALE
5820 Franklin St, Michigan City, IN 46360
Franchise Collection Approved | 75 Rooms
KEY PROPERTY HIGHLIGHTS
* Franchise: Suburban Collection Approved by Choice Hotels
* Total Rooms: 75
* Location: Prime Michigan City location near tourist and industrial centers
* HVAC System:
* Converted from centralized to individual units – \$178,000 (2021)
* New rooftop HVAC unit – \$127,000 value
* Water Heating: New commercial-grade water heater installed – 2020
* Interior Upgrades:
* Extensive tile work from front lobby to back pool area
* New Suburban Collection–approved furniture package
* Light fixtures and desk carpeting replaced in pool area
* Tile upgrades in pool and common areas
* Kitchenette Upgrades:
* KitchenAid installation upcoming – \$120,000 (start)
* Electrical upgrades – \$50,000
* City-approved for kitchenette and required electrical connections
CHOICE HOTELS BRAND INCENTIVES
* Key Money: \$210,000 available from Choice Hotels for approved buyers
RESTAURANT (Leased Space)
* Electric Upgrades: Full circuit upgrade per city code – \$107,000
* Lease Terms:
* Current rent: \$5,000/month (due to shared electrical meter)
* Lease through September: \$3,500/month
* Contract rent: \$7,000/month
BANQUET FACILITY
* Capacity: Seats 200–300 people
* Recent Upgrades:
* New carpet installed – 2023
* Renovations are currently in progress
ADDITIONAL VALUE-ADDED OPPORTUNITIES
* Hot plates are now fully approved for use in rooms
* Stonework for rooms and counters ordered and pending installation
* Long-term facility agreement transferable to buyer
* All major FF\&E (furniture, fixtures, and equipment) finalized and installed
LIQUOR LICENSE
* Fully active liquor license included with the property
INVESTMENT SUMMARY
This turnkey Suburban Studios asset offers immediate revenue with a fully approved franchise, significant capital improvements, and key incentives such as Choice Hotels’ $210,000 key money. The additional restaurant and banquet facilities offer multiple income streams with recent upgrades and long-term rental income potential.
FOR SALE
5820 Franklin St, Michigan City, IN 46360
Franchise Collection Approved | 75 Rooms
KEY PROPERTY HIGHLIGHTS
* Franchise: Suburban Collection Approved by Choice Hotels
* Total Rooms: 75
* Location: Prime Michigan City location near tourist and industrial centers
* HVAC System:
* Converted from centralized to individual units – \$178,000 (2021)
* New rooftop HVAC unit – \$127,000 value
* Water Heating: New commercial-grade water heater installed – 2020
* Interior Upgrades:
* Extensive tile work from front lobby to back pool area
* New Suburban Collection–approved furniture package
* Light fixtures and desk carpeting replaced in pool area
* Tile upgrades in pool and common areas
* Kitchenette Upgrades:
* KitchenAid installation upcoming – \$120,000 (start)
* Electrical upgrades – \$50,000
* City-approved for kitchenette and required electrical connections
CHOICE HOTELS BRAND INCENTIVES
* Key Money: \$210,000 available from Choice Hotels for approved buyers
RESTAURANT (Leased Space)
* Electric Upgrades: Full circuit upgrade per city code – \$107,000
* Lease Terms:
* Current rent: \$5,000/month (due to shared electrical meter)
* Lease through September: \$3,500/month
* Contract rent: \$7,000/month
BANQUET FACILITY
* Capacity: Seats 200–300 people
* Recent Upgrades:
* New carpet installed – 2023
* Renovations are currently in progress
ADDITIONAL VALUE-ADDED OPPORTUNITIES
* Hot plates are now fully approved for use in rooms
* Stonework for rooms and counters ordered and pending installation
* Long-term facility agreement transferable to buyer
* All major FF\&E (furniture, fixtures, and equipment) finalized and installed
LIQUOR LICENSE
* Fully active liquor license included with the property
INVESTMENT SUMMARY
This turnkey Suburban Studios asset offers immediate revenue with a fully approved franchise, significant capital improvements, and key incentives such as Choice Hotels’ $210,000 key money. The additional restaurant and banquet facilities offer multiple income streams with recent upgrades and long-term rental income potential.
INFORMATIONS SUR L’IMMEUBLE
CARACTÉRISTIQUES
- Accès internet à haut débit
- Espace pour événements de rencontre
- Accès Wi-Fi public
- Sans tabac
- Cuisine entièrement équipée
CHAMBRE INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE CHAMBRES | TARIF JOURNALIER | m² |
|---|---|---|---|
| Suite | 2 | 98,64 € | - |
| Guest Room | 70 | 72,69 € | - |
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TAXES FONCIÈRES
| N° de parcelle | Évaluation des aménagements | 208 451 € | |
| Évaluation du terrain | 490 971 € | Évaluation totale | 699 422 € |
TAXES FONCIÈRES
N° de parcelle
Évaluation du terrain
490 971 €
Évaluation des aménagements
208 451 €
Évaluation totale
699 422 €
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VIDÉOS
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Suburban Studios- COMING SOON | 5820 Franklin St
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