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Katie Inn 118 E Court St 43 Room Hotel Paris, IL 61944 $120,000 ($2,791/Room)
Executive Summary
A former hotel is for sale for $890,000; however, the seller may consider selling it for just $120,000.
I’m looking to sell to someone who sees the real potential of this property and is serious about moving forward.
This is a former hotel building with 43 units. The structure and roof are in solid condition. Each unit has its own bathroom (some with showers, some with bathtubs). The building also includes a commercial kitchen, banquet area, and a small laundry room on the first floor.
The property was previously operational, and even with only one floor running, it was generating strong monthly income. With full use of all floors, the income potential is significantly higher.
A substantial amount of work has already been completed, including general interior improvements. Some finishing work remains, and plumbing needs to be checked primarily on the 4th floor. This is reflected in the price.
The property is currently vacant and is being sold as-is.
I’m looking to sell to someone who sees the real potential of this property and is serious about moving forward.
This is a former hotel building with 43 units. The structure and roof are in solid condition. Each unit has its own bathroom (some with showers, some with bathtubs). The building also includes a commercial kitchen, banquet area, and a small laundry room on the first floor.
The property was previously operational, and even with only one floor running, it was generating strong monthly income. With full use of all floors, the income potential is significantly higher.
A substantial amount of work has already been completed, including general interior improvements. Some finishing work remains, and plumbing needs to be checked primarily on the 4th floor. This is reflected in the price.
The property is currently vacant and is being sold as-is.
Property Facts
| Price | $120,000 | Building Size | 21,500 SF |
| Price Per Room | $2,791 | No. Rooms | 43 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1924/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.74/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.37 AC | ||
| Zoning | Com - commercial | ||
| Price | $120,000 |
| Price Per Room | $2,791 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 21,500 SF |
| No. Rooms | 43 |
| No. Stories | 4 |
| Year Built/Renovated | 1924/2024 |
| Parking Ratio | 2.74/1,000 SF |
| Corridor | Interior |
| Zoning | Com - commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 43 | $63.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $42,170 | |
| Land Assessment | $19,530 | Total Assessment | $61,700 |
Property Taxes
Parcel Numbers
Land Assessment
$19,530
Improvements Assessment
$42,170
Total Assessment
$61,700
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Katie Inn | 118 E Court St
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