Log In/Sign Up
Your email has been sent.
Silver Motel 317 S State St 11 Room Hotel Westville, IL 61883 $350,000 ($31,818/Room)
Investment Highlights
- Convenient State Street location
- Potential for operational improvements and increased revenue
- Simple and efficient management structure
- Independent motel operation
Executive Summary
Silver Motel | Owner-Operator Hospitality Opportunity
317 S State St, Westville, IL 61883
Opportunity to acquire Silver Motel, an independently operated, single-story motel located along State Street in Westville, Illinois. Built in 1985, this well-positioned hospitality property features 11 guest rooms and offers an excellent opportunity for an owner-operator seeking an affordable entry into the lodging industry.
The property's efficient single-story layout provides ease of operation and maintenance while serving travelers, contractors, and visitors to the surrounding area. With on-site management potential and a straightforward operational model, this asset is ideal for hands-on ownership.
Owner Financing Available for qualified buyers, creating added flexibility and making this a unique acquisition opportunity.
Investment Summary:
Property Type: Motel/Hospitality
Rooms: 11
Building Style: Single Story
Year Built: 1985
Ownership Type: Owner-Operator
Silver Motel presents a rare opportunity to own and operate a hospitality property in a stable community setting. Whether expanding an existing lodging portfolio or entering the hospitality sector, this property offers the potential to generate income while benefiting from owner-managed operations.
317 S State St, Westville, IL 61883
Opportunity to acquire Silver Motel, an independently operated, single-story motel located along State Street in Westville, Illinois. Built in 1985, this well-positioned hospitality property features 11 guest rooms and offers an excellent opportunity for an owner-operator seeking an affordable entry into the lodging industry.
The property's efficient single-story layout provides ease of operation and maintenance while serving travelers, contractors, and visitors to the surrounding area. With on-site management potential and a straightforward operational model, this asset is ideal for hands-on ownership.
Owner Financing Available for qualified buyers, creating added flexibility and making this a unique acquisition opportunity.
Investment Summary:
Property Type: Motel/Hospitality
Rooms: 11
Building Style: Single Story
Year Built: 1985
Ownership Type: Owner-Operator
Silver Motel presents a rare opportunity to own and operate a hospitality property in a stable community setting. Whether expanding an existing lodging portfolio or entering the hospitality sector, this property offers the potential to generate income while benefiting from owner-managed operations.
Property Facts
| Price | $350,000 | Building Size | 3,463 SF |
| Price Per Room | $31,818 | No. Rooms | 11 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1985 |
| Property Subtype | Hotel | Parking Ratio | 3.75/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.29 AC |
| Price | $350,000 |
| Price Per Room | $31,818 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 3,463 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 3.75/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 11 | $69.00 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 28-08-100-100 | Improvements Assessment | $29,115 |
| Land Assessment | $15,713 | Total Assessment | $44,828 |
Property Taxes
Parcel Number
28-08-100-100
Land Assessment
$15,713
Improvements Assessment
$29,115
Total Assessment
$44,828
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
