3470 Freedom Dr | Springfield, IL 62704
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3470 Freedom Dr
Springfield, IL 62704
Sleep Inn - Springfield West · Hospitality Property For Sale
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23,048 SF
INVESTMENT HIGHLIGHTS
- A stylish, modern, three-story hotel possessing 23,048 square feet and 61 guest rooms.
- Prime hospitality investment opportunity to acquire a modern, Choice Branded hotel with a strong community presence and brand awareness.
- Ideal opportunity to access a growing market with considerable growth in both room sales and RevPar, with 78,000 rooms sold in January 2023.
- Great location just off I-72, with easy access to popular tourist destinations and retail amenties such as Walmart, and Target.
- Offers sought after amenties to guests including a spacious breakfast area, WiFi, business center, and ample parking.
- Currently third-party managed, a new owner-operator can see upside through a reduction in hotel operational expenses.
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 23,048 SF |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1994/2004 |
| Property Subtype | Hotel | Parking Ratio | 2.04/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.98 AC | Parcel Number | 21-13.0-402-012 |
| Zoning | 60 - improved commercial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 23,048 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2004 |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Interior |
| Zoning | 60 - improved commercial |
| Parcel Number | 21-13.0-402-012 |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
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