1304 W Evergreen Ave - Hospitality FOR SALE


Effingham, IL 62401
$4,200,000 USD
217-979-1266
1304 W Evergreen Ave, Effingham, IL for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/14
null | 10.42% Cap Rate

1304 W Evergreen Ave
Effingham, IL 62401


HIGHLIGHTS

  • Multi-interstate property

OVERVIEW

58-Room Quality Inn located directly off Interstates 57 and 70, providing excellent visibility and accessibility. Zero to Minimal PIP (Property Improvement Plan) – Seamless opportunity for new ownership. Steady and Consistent Room Sales with increasing revenue trends, making this property a reliable investment: Located near major attractions, dining, and businesses in Effingham, ensuring a steady flow of guests year-round. This property’s consistent growth in sales and strategic location make it ideal for first-time hotel owners or seasoned investors. With minimal PIP and a strong market presence, this hotel is poised for continued success.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$75 USD /SF

# OF ROOMS

58

PRICE/ROOM

$72,414 {currency}

CAP RATE

10.42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Effingham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

B-5

APN/PARCEL ID

0311017063

ASK ABOUT THIS PROPERTY

Hiren PatelReva Properties Inc.More Info
217-979-1266

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Hiren PatelReva Properties Inc.More Info
217-979-1266

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