
Images
Map
Street
Improved Commercial Land for Sale in Franklin, Indiana
188 Umbarger Ln, Franklin, IN 46131
$3,200,000
2.5 acres
Active
$300k drop
Est $17,733/moExceptional investment opportunity in Franklin, IN - this Econo Lodge / Relax Inn hotel combo offers two established hospitality brands in one prime location. Together, the properties feature a total of 88 guest rooms (Econo Lodge: 50 rooms | Relax Inn: 38 rooms) connected by an interior corridor. Guests enjoy shared amenities including a heated indoor pool and guest laundry facilities, while the Relax Inn also features a meeting room for additional revenue potential. Both hotels have demonstrated steady revenue growth and strong operating performance. This dual-brand property presents a rare opportunity to acquire a profitable, well-maintained hospitality asset in a thriving market.
21,840
Sq feet
1994
Built
Location
- Street address
- 188 Umbarger Ln
- County
- Johnson County
- Community
- Johnson - Needham
- School district
- Franklin Community School Corp
- Elevation
- 742 feet
Property details
- Acreage
- 2.51 acres
- Zoning
- MRX
- MLS #
- MIBOR 22068868
- Posted
Parcels
- 410718034004000018
Legal description
E 1/2 Sw 1/4 S18 T12 R5 Tract B Mp Franklin Communi
Details and features
Listing
- Type
- Commercial Sale
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 24, 2025 | Price drop | $3,200,000 | $300,000 -8.6% | MIBOR |
| Oct 17, 2025 | New listing | $3,500,000 | — | MIBOR |
Payment calculator
Contact listing agent
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.








