500 Hamilton Blvd | Peoria, IL 61602
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- LoopNet Team
500 Hamilton Blvd
Peoria, IL 61602
Four Points by Sheraton Peoria · Hospitality Property For Sale
·
485,330 SF
INVESTMENT HIGHLIGHTS
- Recently renovated/repositioned hotel with concrete & steel construction offered at an outstanding discount to replacement cost and the owner’s budget
- Premier convention hotel, well-complimented by a diverse amenity base and supplemental income streams
- Best-in-class Marriott affiliation with long-term license available
- Fee simple, non-union, and unencumbered of management
- Significant and immediate financial upside (top and bottom-line performance), with an accretive TIF benefit in-place through 2031
- Unrivaled location in downtown Peoria
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 9 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2020 |
| Building Class | B | Parking Ratio | 0.62/1,000 SF |
| Lot Size | 2.00 AC | Corridor | Interior |
| Building Size | 485,330 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 485,330 SF |
| No. Stories | 9 |
| Year Built/Renovated | 1975/2020 |
| Parking Ratio | 0.62/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
PROPERTY TAXES
| Parcel Number | 18-09-208-007 | Improvements Assessment | $2,452,390 |
| Land Assessment | $547,610 | Total Assessment | $3,000,000 |
PROPERTY TAXES
Parcel Number
18-09-208-007
Land Assessment
$547,610
Improvements Assessment
$2,452,390
Total Assessment
$3,000,000
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