312-402-2959
121 Swords Dr, Mattoon, IL for Sale
Hospitality - FOR SALE
1/16
null | Request Cap Rate

121 Swords Dr
Mattoon, IL 61938


HIGHLIGHTS

  • Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
  • Property is offered unencumbered by management and debt and at a significant discount to replacement cost.
  • Mattoon's major demand generators include a blend of educational, agricultural, and healthcare sectors.
  • The property is ideally well located off I-57, a major interstate providing easy access for travelers between Chicago and Southern Illinois
  • Education demand driven by proximity to Eastern Illinois University (8 miles) and Lake Land College (6 miles) with aggregate student enrollment
  • Rural King Supply, a farm supply store with 135 stores across 13 states, is HQ in Mattoon and employees several thousand people across the region

OVERVIEW

Alchemy Real Estate Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the 69-room Holiday Inn Express & Suites in Mattoon, Illinois. The Property is offered for sale as part of an eight (8) property portfolio located across five (5) states in Illinois, Iowa, Kansas, Missouri and Oklahoma. All properties will be sold individually in the January 22nd Auction Event. The 8 properties include: Holiday Inn Express & Suites: Jacksonville, Illinois Holiday Inn Express & Suites: Mattoon, Illinois Holiday Inn Express & Suites: Dubuque, Iowa Holiday Inn Express & Suites: Emporia, Kansas Holiday Inn Express & Suites: Nevada, Missouri Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma Hampton Inn: Chickasha (OKC MSA), Oklahoma Property Tours Property tours are available on Tuesday, January 7th and Wednesday, January 8th by appointment only. Please reach out to Brent Clemens, bclemens@alchemyrea.com, to schedule. Scott Bowers c/o Fisher Auction Company Inc. License: 040000273

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

69

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Mattoon

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2008

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

C-4

APN/PARCEL ID

06-0-05107-000

ASK ABOUT THIS PROPERTY

Brent ClemensAlchemy Real Estate Advisors, LLCMore Info
312-402-2959

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Brent ClemensAlchemy Real Estate Advisors, LLCMore Info
312-402-2959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.