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    Danville, IL
    Hospitality

    Danville, IL Hospitality Properties for Sale

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    American Inn Motel For Sale
    Updated: Apr 2
    American Inn Motel For Sale

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    Strategic location on East Main Street (U.S. Route 136) near Interstate 74 and within Danville's Campus Corridor TIF District, offering potential financial incentives.
    Strong income growth: Gross income increased from $199,793 in 2022 to $249,320 in 2023.
    Proximity to major demand generators: VA Illiana Health Care System, Danville Area Community College (DACC), and Golden Nugget Danville Casino.
    Additional land included: Situated on 0.92 acres with two vacant parcels for potential development or expansion.
    On‑site 3‑bedroom apartment: Ideal for owner occupancy or generating rental income.
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    Operating Motel with 34 Guest Rooms
    Updated: Apr 2
    Operating Motel with 34 Guest Rooms

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    Operating American Inn Motel with 34 exterior‑entry guest rooms and gross income of $249,320 in 2023 (up from $199,793 in 2022)
    Three parcels totaling approximately 0.92 acres, including the motel improvements plus two vacant parcels for development or expansion
    On‑site 3‑bedroom apartment for owner occupancy or additional rental income
    New roof installation completed with warranty
    B1 Neighborhood Business zoning, offering flexibility for future hospitality, multifamily, or mixed‑use redevelopment
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Lakefront Resort With Waterfront
    Turnkey Lakefront Resort With Waterfront

    2373 N Untalulti Drive, Monticello, IN 47960

    $1,050,000
    0.66 AC lot

    Turnkey resort with 11 updated units, including lakefront piers and a lakeside pool with recreation amenities.

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    Waterfront Resort Property on Lake
    Waterfront Resort Property on Lake

    5088 E Indiana Beach Rd, Monticello, IN 47960

    Contact for pricing
    3,376 sqft

    Established resort with lake views, water access, and strong income.

    View details
    Campground and Event Center
    Campground and Event Center

    625 N State Road 75, Flora, IN 46929

    $3,150,000
    65.00 AC lot

    65-acre campground with a 1,200 sq ft event center, 3-bedroom apartment, and on-site golf amenities.

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    Campground Land with Creek
    Campground Land with Creek

    625 N State 75 Road, Flora, IN 46929

    $3,150,000
    65.00 AC lot

    65-acre campground with a 3-bedroom apartment, event center, cabins, and recreation amenities, anchored by a creek running through the property.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near Sports Complex
    Commercial Land Near Sports Complex

    2995 County Road 1400 E, Rantoul, IL 61866

    $563,000
    5.63 AC lot

    5.63 acre commercial development opportunity off Interstate 57.

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    Rantoul Commercial Development Opportunity
    Rantoul Commercial Development Opportunity

    2990 County Road 1400 E, Rantoul, IL 61866

    $4,000,000
    40.00 AC lot

    40-acre commercial land near I-57 in Rantoul, Illinois.

    View details
    Champaign Land Near Interstate 57
    Champaign Land Near Interstate 57

    1609 Rion Drive, Champaign, IL 61822

    $700,000
    2.24 AC lot

    2.24 acres near I-57, suitable for hotel or warehouse.

    View details
    Historic Commercial Structure in Gilman
    Historic Commercial Structure in Gilman

    203 W 2nd Street, Gilman, IL 60938

    $195,000

    Oldest commercial building in Gilman, suitable for various businesses.

    View details

    Danville, IL Hospitality Properties Market Trends and Statistics

    Explore 2 hospitality properties for sale in Danville, IL on our real estate platform.

    Sale prices for hospitality properties in Danville, IL average $500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 2

    Demographics Overview

    Population 42K
    Population Growth (5Y) -11.4%
    Median Household Income $52,334
    College Educated 20.4%

    High-Yield Neighborhoods for Investment

    Identify Danville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61832 $500K

    Taxes & Financing

    Tax Rate (average for all types) 9.28%
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Danville fall within the 10,000 to 25,000 square foot range.

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