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    Vermilion County, 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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Vermilion County, IL, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    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.

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    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.

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    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.

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    Vermilion County, IL Hospitality Properties Market Trends and Statistics

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

    Sale prices for hospitality properties in Vermilion County, 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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