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Beautiful Motel with 7 Acre Commercial Land

$1,100,000
  • Description
  • Address
  • Details

Description

Well-built, Beautiful 17 room Motel with 7 Acre Commercial land, which can be used for expansion of additional rooms, or investor can build another brand name motel or multifamily units.

The area is growing significantly in recent years. New townhomes and single-family homes development have risen.

o 80% + Occupancy
o $50-$90 ADR
o 7+ Acres
o 17 Rooms

o ~$240,000 Gross Revenue
o Taxes – ~$13,000
o ~$105,000 Net Income

Address

  • State/county: Illinois
  • Country: United States

Detail

Updated on September 3, 2019 at 4:39 pm

  • Price: $1,100,000
  • Property Size: 7 Acre
  • Property Type: Motels
  • Property Status: For Sale, New Listing
  • Gross Revenue: $240,000

Additional details

  • Occupancy: 80%
  • ADR: $50-$80
  • Gross Income: $240,000
  • Net Income: $105,000

Contact info

Gohar Rathore
Gohar Rathore

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