For Sale
$1,800,000

610 Springfield Rd Arcola, IL 61910

40-Unit Choice Hotel, High Upside Potential

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 40-unit Choice hotel presents a lucrative investment opportunity in Arcola, Illinois. Strategically located just off Interstate 57 in eastern Illinois, this two-story property offers significant upside potential for an owner-operator. Currently absentee-owned, the hotel boasts convenient amenities including a breakfast area, an outdoor swimming pool, and in-room microwaves and refrigerators in all guest rooms. On-site living quarters provide added convenience for management. The interior corridor design ensures guest comfort and security. The asking price for this established hotel is $1,800,000. This property is situated at 610 E Springfield Rd, Arcola, IL 61910, within Douglas County. Its prime location near a major interstate offers excellent accessibility and visibility, attracting a steady stream of travelers. The existing infrastructure and amenities provide a solid foundation for immediate revenue generation, while the absentee ownership structure presents a clear path for an owner-operator to enhance profitability through active management and operational improvements. This represents a rare chance to acquire a well-positioned hotel with substantial growth potential in a desirable market. Don't miss this opportunity to capitalize on the strong demand for hospitality services in this area.

Highlights

  • $1,800,000 asking price.
  • 40-unit hotel in Arcola, Illinois.
  • Located just off I-57.
  • Features a breakfast area, outdoor pool, and in-room microwaves/refrigerators.
  • Offers owner-operator upside potential; currently absentee-owned.

Property Details for 610 Springfield Rd

Property type
Hospitality properties, Hotels

Location Insight

City
Arcola
County
Douglas
State
Illinois
Latitude
39.68071237
Longitude
-88.29634482
610 Springfield Rd, Arcola, Illinois

FAQs

What type of property is this?
Hospitality property - 40-Unit Choice Hotel, High Upside Potential
Where is the hospitality property located?
The property is located at 610 Springfield Rd Arcola, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: $1,800,000 asking price.; 40-unit hotel in Arcola, Illinois.; Located just off I-57.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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610 Springfield Rd
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