630 W Main St | El Paso, IL 61738
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- LoopNet Team
630 W Main St
El Paso, IL 61738
Econo Lodge El Paso · Hospitality Property For Sale
·
20,500 SF
Investment Highlights
- 41-room Days Inn by Wyndham boasts excellent visibility and exposure along the primary thoroughfare in El Paso, Illinois.
- Potential to acquire this hotel at less than 3x Room Revenue Multiplier.
- Submarket has been performing well post-COVID and is showing signs of strength in the months to come.
- Ability to upgrade to an upper midscale franchise as the seller will pay the liquidated damages should buyer elect to re-flag.
- Ideally positioned less than a mile from Interstate 39 and boasts nearby amenities for guests including local and regional tenants.
- Small but high-earning demographic with an average annual household income exceeding $91,000.
Property Facts
| Sale Condition | Auction Sale | Building Size | 20,500 SF |
| Type of Ownership | Fee Simple | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1995/2004 |
| Property Subtype | Hotel | Parking Ratio | 2.83/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.34 AC | Parcel Number | 16-07-201-033 |
| Zoning | C - General Commercial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 20,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2004 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Interior |
| Zoning | C - General Commercial |
| Parcel Number | 16-07-201-033 |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
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