5020 Illinois Route 84 - Hospitality FOR SALE


Thomson, IL 61285
$1,800,000 USD
805-557-8857
5020 Illinois Route 84, Thomson, IL for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

5020 Illinois Route 84
Thomson, IL 61285


HIGHLIGHTS

  • 48 unit Hotel plus 9-hole golf course, restaurant, and bar
  • 2 Stories, Interior Corridors
  • Upside potential in hands-on management
  • Offered at 1.6x Total 2023 Revenue
  • 2022 Total Revenue: $1,053,619; 2023 Total Revenue: $1,111,815

OVERVIEW

The Bowman Post Group of NewGen Advisory is excited to announce the exclusive listing of the SureStay by Best Western and Sand Burr Run Golf & Resort in Thomson, IL. This 48-room, two-story hotel features an interior corridor design and is a strategic investment due to its proximity to the Mississippi River. With its appeal to tourists seeking outdoor recreation, such as fishing, boating, and hiking in nearby natural areas with the town's rural charm and affordable property prices, this investment present opportunities for growth, particularly with the expansion of local tourism and business travel.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$74 USD /SF

# OF ROOMS

48

PRICE/ROOM

$37,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SureStay by Best Western Thomson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1976

PARKING SPACES

64

LAND DETAILS

LAND ACRES

89 AC

LAND SF

3,876,840 SF

ZONING

C-2

APN/PARCEL ID

12-12-01-400-009,12-12-01-400-010

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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