1851 May Rd, Peru, IL, 61354 - Available for Sale

Hotel & Motel For Sale

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Super 8

1851 May Rd, Peru, IL 61354

$2,150,000

61 Rooms | Hotel & Motel

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Hotel / Motel For Sale - In Contract

Price:
$2,150,000
No. Rooms:
61
Building Size:
22,500 SF
Price/Room:
$35,245.90
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
16%
Average Daily Rate:
$60
Corridor:
Interior
Lot Size:
97,500 SF
Listing ID
18358238
Last Updated
52 days ago

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Utilities

Description

61 unit 3 story motel fully renovated with new compliance. Set on 2.25 acres. 71 Parking spaces. Interior Room Entry, Spacious and Efficient Lobby, with Breakfast Bar. Located on busy, high traffic highway I 80. Excellent investment opportunity for Owner Operator. Price to sell at $35,245 per room. Located close to National Starved Rock State Park. Employees at hotel are not to know hotel is for sale. Listing agent must accompany all showings.

Near E 2nd RD Peru IL off Highway I 80.

Map of 1851 May Rd, Peru, IL 61354 (La Salle County)

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More from:

Albert Kosela

Specializing in IL

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License #471.007858

Created 9/15/2013
Super 8
  • Hotel & Motel
  • $2,150,000
  • 61 Rooms
  • 22,500 SF