313 W University Dr - Hospitality FOR SALE


Macomb, IL 61455
$1,600,000 USD
818-851-3300
313 W University Dr, Macomb, IL for Sale
$1,600,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

313 W University Dr
Macomb, IL 61455


HIGHLIGHTS

  • 40 Room, 2 Story, Interior Corridor Hotel
  • Perfect for Owner-Operator, with 3 Bedroom Manager's Apartment
  • Nearby to Western Illinois University, Argyle Lake State Park, and Several Other Leisure, Retail, Manufacturing and Healthcare Demand Generators
  • 2 Additional Spaces Available to Lease Next to Lobby, Previously a Tanning & Nail Salon
  • Located 90 Minutes from Peoria and Springfield, IL, and 3 Hours from Chicago, Direct Access to Highway 67
  • Motivated Seller - Offers Encouraged

OVERVIEW

This is a 40-unit, two-story interior corridor hotel located in McDonough County, Macomb, Illinois. Centrally located between Peoria and Springfield, and just a few miles from Western Illinois University and NTN Bower Company, the hotel offers comfortable accommodations with convenient amenities for all travelers. Macomb is a growing destination, recognized as one of the must-visit cities in Illinois. With diverse attractions such as the university, state parks, Journey Comics, and the National Scenic Byway, there are a number of demand generators despite the smaller market size. The hotel is also conveniently located near several major corporations that offer year-round job opportunities. The hotel is located just off IL-67 Freeway, and is a perfect opportunity for an owner-operator with a 3 bedroom manager's apartment.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$116 USD /SF

# OF ROOMS

41

PRICE/ROOM

$39,024 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Macomb

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

Commercial

APN/PARCEL ID

11-100-001-15

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

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