1008 W Main St - Carmi Motel 1.91 Acres of Commercial Land Offered at $1,950,000 in Carmi, IL 62821

Headline: Unique 32-Unit Property + 3-Bedroom Home | Multi-Use Investment Opportunity
Description:
Rare opportunity to acquire a versatile real estate portfolio in Carmi, IL. This offering includes a 32-unit motel building, a spacious conference center, and a private 3-bedroom, 1-bathroom residence—all situated on a single, well-maintained lot.
This sale is for the real estate only, providing a blank canvas for an investor, developer, or owner-occupant. The property is ideal for a variety of adaptive reuse projects including:
Multi-Family Conversion: Transition the 32 units into affordable housing or studio apartments.
Institutional Use: Perfect for a non-profit, transitional housing, or a corporate retreat center.
Owner-Operator Setup: Live in the spacious 3-bedroom house while leasing or renovating the motel structure.
Property Highlights:
Motel Structure: 32 individual units with exterior entry.
Conference Room: Large common area suitable for events, dining, or office space.
Storefront: Located near the highway, ideal for marketing products.
3-Bedroom House: Modern layout, ideal for a primary residence or a rental for additional cap rate.
Location: High visibility in Carmi, with easy access to local amenities and transit routes. We are located on Highway 1, right across the street from the fairgrounds.
The Fine Print:
Being sold as-is. Seller is selling the real estate assets only; no financial records for the previous motel business will be provided.