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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/mo

Exceptional 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
Community
Johnson - Needham
School district
Franklin Community School Corp
Elevation
742 feet
Coordinates
39.4819, -86.0183

Property details

Acreage
2.51 acres
Zoning
MRX
MLS #
MIBOR 22068868
Posted

Parcels

  • 410718034004000018

Legal description

Details and features

Listing

Type
Commercial Sale
Franchise
Keller Williams Realty

Listing history

DateEventPriceChangeSource
Nov 24, 2025Price drop$3,200,000$300,000 -8.6%MIBOR
Oct 17, 2025New listing$3,500,000MIBOR
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This 2.51-acre property is located at 188 Umbarger Ln in Franklin, IN 46131. The property is available for sale for $3,200,000. It has a 21,840 sq ft structure built in 1994.

Checked 1 hour ago — Updated

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