1907 Cunningham AveUrbana, IL 61802

Property Details for 1907 Cunningham Ave

Lot size

7.32 AC

Property type

Motels

APN

912104301025

APU

912104301025

Description

Exceptional investment opportunity: EastLake Suites Hotel & Conference Center in Urbana, Illinois, is offered for sale at $9,000,000. This 127-key, full-service hotel, built in 1966 and renovated in 2011, boasts consistently strong financial performance, generating annual revenue between $2.9 million and $3.1 million. High occupancy rates are maintained year-round due to a strategic location near Interstate 74 and the University of Illinois, attracting corporate clients, university events, and leisure travelers. The hotel features spacious guest rooms and suites, many with fully equipped kitchens and fireplaces, catering to both short-term and extended stays. Amenities include a heated indoor pool, a full-service fitness center, whirlpool tubs, a lounge and bar, and on-site video gaming. Extensive meeting and event spaces make it a popular venue for weddings, corporate gatherings, and social events. Six buildings, each with eight rooms accessible via outdoor corridors, comprise the property, which also includes ample parking and green spaces. This turnkey operation offers immediate revenue growth potential with a loyal customer base and experienced staff. The property's financial documents are available for review.

• CAP approach

  CAP return

  Valuation

  6%

  $116,391,336

  6.5%

  $107,438,152

  7%

  $99,764,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $97,598,752

  Geo Method

  $97,598,752

• Alternative Use

  Use

  Valuation

  Residential

  $117,291,248

  Hospitality

  $107,438,152

  Educational

  $89,387,288

  Medical

  $92,461,448

  Retail

  $139,046,880

Location Insight

City

Urbana

County

Champaign

State

Illinois

Latitude

40.1318

Longitude

-88.1986

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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