For Sale
$1,600,000

313 University DrMacomb, IL 61455

40-Room Hotel, Great Location, Owner-Operator Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 40-room, two-story Super 8 by Wyndham hotel presents a lucrative investment opportunity in Macomb, Illinois. Built in 1997, this interior corridor property sits on a 1.35-acre lot (APN: 11-100-001-15) and features two buildings. The hotel benefits from a prime location, conveniently situated off IL-67 Freeway, offering easy access to major transportation routes. Its proximity to Western Illinois University, Argyle Lake State Park, and various corporations ensures consistent occupancy. The strong demand is further fueled by the city's growing tourism sector, including attractions like Journey Comics and the National Scenic Byway. The property includes a three-bedroom manager's apartment, ideal for owner-operators. Adding to its appeal, two additional spaces adjacent to the lobby are available for lease, previously used as a tanning and nail salon. This presents an opportunity to increase revenue streams. The hotel's central location between Peoria and Springfield, and within three hours of Chicago, expands its market reach. A motivated seller invites offers. This is a turnkey operation with significant upside potential in a thriving market.

Highlights

  • 40-room Super 8 by Wyndham hotel.
  • Two-story, interior corridor hotel.
  • Includes a three-bedroom manager's apartment, ideal for owner-operators.
  • Excellent location near Western Illinois University, Argyle Lake State Park, and other businesses.
  • Two additional leasable spaces adjacent to the lobby.
  • Conveniently located 90 minutes from Peoria and Springfield, and 3 hours from Chicago.

Property Details for 313 University Dr

Property type
Hospitality properties, Motels
Year Built
1997
Buildings
2
Stories
2
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Macomb
County
McDonough
State
Illinois
Latitude
40.472677398899
Longitude
-90.67305397736
313 University Dr, Macomb, Illinois

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313 University Dr
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