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Quality Inn Morton 115 E Ashland St 48 Room Hotel Morton, IL 61550 For Sale

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INVESTMENT HIGHLIGHTS

  • Long term business contracts with government lodging partners
  • Loyal customers and local businesses
  • Updated property with excellent hotel rating

EXECUTIVE SUMMARY

Situated in the heart of Morton, known as the Pumpkin Capital of the World, the hotel enjoys year-round demand from both leisure and corporate travelers. Morton is strategically located at the crossroads of Interstate 74 and Interstate 155, providing seamless access to major Central Illinois markets:
- Peoria – 10 minutes (regional hub for healthcare, education, sports, and the arts)
- Bloomington-Normal – 30 minutes
- Springfield – 50 minutes
- Chicago & St. Louis – 3 hours
The property is strategically positioned near key demand generators, including leading healthcare institutions such as OSF Saint Francis Medical Center and Carle Methodist Hospital. In addition, the hotel draws consistent corporate and business travel supported by the Nestlé/Libby’s pumpkin plant, Caterpillar’s manufacturing and distribution facilities, a robust base of agriculture technology industries, and proximity to Precision Planting’s headquarters. Property has multiple long term business contracts with government lodging partners.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.61 AC
Building Size 23,024 SF
No. Rooms 48
No. Stories 2
Year Built/Renovated 1996/2023
Parking Ratio 4.13/1,000 SF
Corridor Interior
Zoning C - General Commercial

AMENITIES

  • Business Center
  • Controlled Access
  • Fitness Center
  • Wheelchair Accessible
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fiber Optic Internet
  • Smoke Detector

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 48 $70.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-06-17-201-004
Land Assessment
$142,320
Improvements Assessment
$369,640
Total Assessment
$511,960
  • Listing ID: 38967798

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 115 E Ashland St, Morton, IL 61550

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