3675 S 6th St - Hospitality FOR SALE


Springfield, IL 62703
$6,875,000 USD
815-666-3896
3675 S 6th St, Springfield, IL for Sale
$6,875,000 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

3675 S 6th St
Springfield, IL 62703


HIGHLIGHTS

  • Offers a heated indoor pool.

OVERVIEW

The Comfort Inn & Suites Springfield I-55 presents a compelling investment opportunity in a thriving market. Strategically located off Interstate 55, this hotel offers convenient access to Springfield's business district, government offices, and popular attractions. With a proven track record of guest satisfaction and a strong reputation within the Choice Hotel brand, this property boasts a loyal customer base and consistent occupancy rates. The hotel's modern amenities, including a heated indoor pool, fitness center, and complimentary hot breakfast, cater to both business and leisure travelers. Benefits from a growing economy, upcoming development projects, and proximity to major events. A new development of eight multipurpose outdoor, lighted, turf fields, and a 190,000 square-foot indoor sports dome, the sports mega-plex will offer something for everyone with a planned opening in 2025. The hotel's consistent occupancy rates and robust revenue streams provide a stable income stream for investors. Potential to increase revenue through strategic rate adjustments, enhanced marketing efforts, and operational improvements. As the state capital of Illinois, Springfield offers a stable and growing economy, driving demand for quality accommodations. The Comfort Inn & Suites Springfield I-55 is well-positioned to capitalize on this market potential and generate substantial returns on investment.

FOR SALE DETAILS

PRICE

$6,875,000 USD

PRICE/SF

$142 USD /SF

# OF ROOMS

80

PRICE/ROOM

$85,938 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Springfield I-55

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

131

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

B-1

APN/PARCEL ID

22-15.0-153-017

ASK ABOUT THIS PROPERTY

Radha PatelPPVV Hospitality Corp.More Info
815-666-3896

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

Radha PatelPPVV Hospitality Corp.More Info
815-666-3896

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