4112 Brandywine DrPeoria, IL 61614

Property Details for 4112 Brandywine Dr

Lot size

2.94 AC

Property type

Commercial real estate

APN

14-29-101-009

APU

1429101009

Description

This exceptional 108-key Quality Inn & Suites hotel presents a compelling investment opportunity in Peoria, Illinois. Built in 1988, this three-story property boasts a prime location, conveniently accessible from Interstates 74 and US Route 150, experiencing high daily traffic counts of 38,800 and 25,800 vehicles respectively. Its strategic positioning directly across from Northwoods Mall and minutes from major attractions like the Peoria Civic Center, Louisville Slugger Sports Complex, Peoria Riverfront Museum, Limelight Eventplex, Bradley University, Dozer Park, Caterpillar Visitors Center, and General Wayne A. Downing Peoria International Airport ensures consistent guest demand. The hotel's strong performance is evident in its 2023 room revenue exceeding $1.8 million, with an August 2024 trailing twelve-month occupancy of 48.6% and an Average Daily Rate (ADR) of $76.17. Year-over-year RevPAR growth from 2022 to 2023 shows a significant 12% increase. The hotel's proximity to Bloomington-Normal (45 minutes), Champaign-Urbana and Springfield (1.5 hours), and Chicago and St. Louis (2.5 hours) further enhances its appeal to a wide range of travelers. This well-established hotel offers a solid foundation for continued growth and profitability in a thriving market. The property is located at 4112 N Brandywine Dr, Peoria, IL 61614.

• CAP approach

  CAP return

  Valuation

  6%

  $26,207,000

  6.5%

  $24,191,100

  7%

  $22,463,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,001,700

  Geo Method

  $16,680,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $49,148,000

  Retail / Commercial

  $24,905,000

  Mixed-Use / Specialty

  $24,581,600

  Hospitality / Lodging

  $17,729,200

  Office

  $24,191,100

  Institutional / Educational

  $25,471,000

  Residential Income

  $29,801,100

  Multifamily

  $37,042,900

  Automotive / Energy

  $21,832,300

  Parking / Income-Based Land

  $7,765,930

  Restaurant / Food Service

  $12,284,200

  Healthcare / Senior Housing

  $25,448,600

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7393

Longitude

-89.6216

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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