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The Holiday Motel & Restaurant 1300 S West St 92 Room Hotel Olney, IL 62450 $1,200,000 ($13,043/Room)
Executive Summary
NACRE is pleased to be the exclusive agent in connection with the solicitation of offers to acquire this hotel.
This is a redevelopment opportunity to start a hotel business with restaurant on site or convert in any business model as you like.
Beautiful building with all fixtures and furniture inside. Gaming machines are also on site.
Property Tours:
All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
This is a redevelopment opportunity to start a hotel business with restaurant on site or convert in any business model as you like.
Beautiful building with all fixtures and furniture inside. Gaming machines are also on site.
Property Tours:
All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Property Facts
| Price | $1,200,000 | Building Size | 61,475 SF |
| Price Per Room | $13,043 | No. Rooms | 92 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Redevelopment Project | Year Built/Renovated | 1964/2003 |
| Property Type | Hospitality | Parking Ratio | 2.2/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 4.67 AC | ||
| Zoning | C-2 - Commercial District | ||
| Price | $1,200,000 |
| Price Per Room | $13,043 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.67 AC |
| Building Size | 61,475 SF |
| No. Rooms | 92 |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2003 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Commercial District |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 92 | $40.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 11-03-350-106 | Improvements Assessment | $291,600 |
| Land Assessment | $29,160 | Total Assessment | $320,760 |
Property Taxes
Parcel Number
11-03-350-106
Land Assessment
$29,160
Improvements Assessment
$291,600
Total Assessment
$320,760
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
The Holiday Motel & Restaurant | 1300 S West St