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Quality Inn Macomb near University Area 1646 N Lafayette St 58 Room Hotel Macomb, IL 61455 $2,000,000 ($34,483/Room)
Investment Highlights
- 57 Room, 2 Story, Interior Corridor Hotel Priced to Sell at 2.85x Room Revenue
- TTM Room Revenue through March 2026: $719,452
- Adjacent to Western Illinois University Campus in Charming College Town. Nearby to Argyle Lake State Park and Several Demand Generators
- Room Revenue: $702,000
- Located 90 Minutes from Peoria and Springfield, IL, and 3 Hours from Chicago
- Excellent Condition with Recent Upgrades Completed, Perfect for Owner Operator with Manager's Apartment On-Site
Executive Summary
This is a 57-unit, interior corridor hotel located in McDonough County, Macomb, Illinois. Centrally located off IL-67 Freeway, between Peoria and Springfield, and just a few miles from Western Illinois University, the hotel offers comfortable accommodations with convenient amenities for all travelers.
The hotel is a perfect opportunity for an owner-operator and is priced to sell under 3 times revenue.
Recent Improvements include: All Rooms given new paint job in 2025 with new color scheme approved by Choice, interior corridor painted in 2025, installed new RFID locks on guest rooms, (3-year warranty starting November 2025) new LED lights in the parking lot & on the building. New LED fixtures in the hallways, front lobby & breakfast room. Indoor pool updated with new paint job (epoxy premium and quality paint). Installed new HVACS in multiple rooms. (As of March 2026, 40 Rooms and lobby & breakfast rooms have new units) Remaining 18 rooms have units that are efficiently performing in good condition.
Macomb is a growing destination, recognized as one of the must-visit cities in Illinois. With diverse attractions such as the university, state parks, Journey Comics, and the National Scenic Byway, there are a number of demand generators despite the smaller market size. The hotel is also conveniently located near several major corporations that offer year-round job opportunities.
The hotel is a perfect opportunity for an owner-operator and is priced to sell under 3 times revenue.
Recent Improvements include: All Rooms given new paint job in 2025 with new color scheme approved by Choice, interior corridor painted in 2025, installed new RFID locks on guest rooms, (3-year warranty starting November 2025) new LED lights in the parking lot & on the building. New LED fixtures in the hallways, front lobby & breakfast room. Indoor pool updated with new paint job (epoxy premium and quality paint). Installed new HVACS in multiple rooms. (As of March 2026, 40 Rooms and lobby & breakfast rooms have new units) Remaining 18 rooms have units that are efficiently performing in good condition.
Macomb is a growing destination, recognized as one of the must-visit cities in Illinois. With diverse attractions such as the university, state parks, Journey Comics, and the National Scenic Byway, there are a number of demand generators despite the smaller market size. The hotel is also conveniently located near several major corporations that offer year-round job opportunities.
Property Facts
| Price | $2,000,000 | Lot Size | 3.61 AC |
| Price Per Room | $34,483 | Building Size | 28,246 SF |
| Sale Type | Investment | No. Rooms | 58 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1995/2011 |
| Building Class | B | Corridor | Interior |
| Zoning | C - Commercial | ||
| Price | $2,000,000 |
| Price Per Room | $34,483 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.61 AC |
| Building Size | 28,246 SF |
| No. Rooms | 58 |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2011 |
| Corridor | Interior |
| Zoning | C - Commercial |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $95.00 | - |
| Guest Room | 55 | $85.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 11-101-590-00 | Improvements Assessment | $286,869 |
| Land Assessment | $13,689 | Total Assessment | $300,558 |
Property Taxes
Parcel Number
11-101-590-00
Land Assessment
$13,689
Improvements Assessment
$286,869
Total Assessment
$300,558
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Quality Inn Macomb near University Area | 1646 N Lafayette St
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