3470 Freedom Dr
Springfield, IL 62704
 Sleep Inn - Springfield West · Hospitality Property For Sale · 23,048 SF

View Photo

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
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

AMENITIES

  • Business Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

Parcel Number 21-13.0-402-012 Improvements Assessment $448,754
Land Assessment $169,735 Total Assessment $618,489

MAP

ADDITIONAL PHOTOS

View Photo Entrance
View Photo Entrance
View Photo Lobby
View Photo Breakfast Area
View Photo Double Bedroom
View Photo Double Bedroom
View Photo Restroom
View Photo Single Bedroom
View Photo Single Bedroom
View Photo Single Bedroom
View Photo Restroom
View Photo Rear Exterior
View Photo Aerial Location
View Photo Aerial Location
View Photo Bird's Eye Property Outline

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