2400 W Main St - Hospitality FOR SALE


Carbondale, IL 62901
$2,995,000 USD
602-648-2700
2400 W Main St, Carbondale, IL for Sale
$2,995,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

2400 W Main St
Carbondale, IL 62901


HIGHLIGHTS

  • 3.9 Miles to Southern Illinois University
  • Historic Hotel brought back to life
  • Opportunity for food and beverage onsite (restaurant/Bar)
  • Priced at $23,582/key
  • 2022 Revenue: $531,390
  • 2023 Revenue: $494,091

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Carbondale Illinois University Inn. The property is conveniently located just 2 miles from Southern Illinois University and includes 57 fully operational rooms, with an additional 70 rooms primed for renovation into extended-stay accommodations. The hotel also boasts an 8,000 square foot restaurant and bar space available for lease, along with 1,000 square feet of meeting space and extra land for future development. Its strategic position adjacent to the busy Highway 51, 2 miles from SIH Memorial Hospital, and 13 miles from the new MWA Airport with direct flights to Chicago, enhances its appeal, especially considering the nearby Amtrak station. Furthermore, the hotel operates independently without any brand affiliation, providing a unique opportunity for potential buyers. Broker of Record: NEWGEN ADVISORY IL, LLC | Andrew Post | IL Lic. No. 471021750 For more information, please click here: https://airtable.com/appKi7yOZ4kk2VGe7/pagxcOePtaDcHXpXQ/form

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$45 USD /SF

# OF ROOMS

128

PRICE/ROOM

$23,398 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Inn of Carbondale

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

120

LAND DETAILS

LAND ACRES

6.25 AC

LAND SF

272,250 SF

ZONING

C

APN/PARCEL ID

15-18-477-005

ASK ABOUT THIS PROPERTY

Ben RohlfingNewGen AdvisoryMore Info
602-648-2700

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Ben RohlfingNewGen AdvisoryMore Info
602-648-2700

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