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    Danville, IL
    Hospitality

    Danville, IL Hospitality Properties for Sale

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    Tilton, IL Westville, IL Catlin, IL Oakwood, IL Georgetown, IL Covington, IN Perrysville, IN Williamsport, IN
    34-Room Motel with Expansion Land
    Updated: Apr 2
    34-Room Motel with Expansion Land

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    34 exterior‑entry guest rooms
    Three parcels totaling 0.9238 acres
    On‑site 3‑bedroom apartment
    Two vacant parcels included with the motel improvements
    Recently installed roof with warranty
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    34-Room Motel with Expansion Land
    Updated: Aug 17
    34-Room Motel with Expansion Land

    1824 E Main St, Danville, IL 61832

    $500,000
    20,077 sqft 0.92 AC lot
    34 exterior‑entry guest rooms
    Three parcels totaling approximately 0.92 acres, including two vacant parcels
    On‑site 3‑bedroom apartment
    New roof installation backed by warranty
    Zoned B1 Neighborhood Business
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    42-Unit Hotel with Interior Corridors
    42-Unit Hotel with Interior Corridors

    360 Eastgate Dr, Danville, IL 61834

    Contact for pricing
    30,584 sqft

    Two-story hospitality property with on-site manager’s quarters and a 2023 Baymont conversion.

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    See what stands out in Vermilion County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    10-Unit Lakefront Hospitality Cottage Portfolio
    10-Unit Lakefront Hospitality Cottage Portfolio

    4958 E INDIANA BEACH RD, Monticello, IN 47960

    Contact for pricing
    4,000 sqft

    Detached guest cottages offer renovated interiors, private outdoor space, and convenient access to Indiana Beach and Lake Shafer docks.

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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 With Event Center
    Campground With Event Center

    625 N State 75 Road, Flora, IN 46929

    $3,150,000
    65.00 AC lot

    Outdoor hospitality property with lodging, event facilities, cabins, and a broad mix of recreational amenities.

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    Danville, IL Hospitality Properties Market Trends and Statistics

    Explore 3 hospitality properties for sale in Danville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 50,661 square feet of properties for sale, with an estimated market value of $1,000,000.

    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
    Hotels 1

    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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    Most Searched ZIP Codes in Danville, IL

    • 61832
    • 61834

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