7834 Progress Way Newberry, IN 47449
Estimated payment $38,772/month
About This Lot
This modern 72 Room Hotel, 29 Main Stay Suites & 43 Sleep Inn, opened new in late 2019, offers a sleek and contemporary design with state-of-the-art amenities and a focus on guest comfort and operation efficiency. Ideally situated near interstate 69 located near the expanding Crane Naval Base and Crane West Gate, the hotel benefits from strategic location that drives consistent occupancy. No other modern mid-market Hotels are located within 30 minutes. This location serves Crane Naval Base and the communities of Bloomfield, Loogootee, and Linton. The current ownership says this property also gets overflow from events at Indiana University in Bloomington. Must see to appreciate. Shown by appointment only. Asking $6,900,000!
Listing Agent
Brooks Galloway Real Estate Brokerage Phone: 812-936-7301 Listed on: 04/30/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $32,209
Year Built
- 2019
Lot Details
- 6.1 Acre Lot
- Property fronts a state road
- Finished Lot(s)
Parking
- Driveway
Schools
- White River Elementary School
- White River Valley Middle School
- White River Valley High School
Listing and Financial Details
- Assessor Parcel Number 28-13-36-000-015.010-019
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $32,209 | $3,073,400 | $35,400 | $3,038,000 |
| 2023 | $22,851 | $3,040,400 | $35,400 | $3,005,000 |
| 2022 | $14,068 | $3,253,400 | $35,400 | $3,218,000 |
| 2021 | $4,087 | $2,954,300 | $35,000 | $2,919,300 |
| 2020 | $728 | $2,693,300 | $35,000 | $2,658,300 |
| 2019 | $523 | $25,600 | $25,600 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Price Changed | $6,800,000 | -1.4% | -- |
| 04/30/2025 04/30/25 | For Sale | $6,900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | Commercial | |
| Closed | $92,970 | VA |
Source: Indiana Regional MLS
MLS Number: 202515172
APN: 28-13-36-000-015.010-019
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