1824 E Main St Danville, IL 61832

The American Inn Motel, situated on approximately 0.92 acres across three parcels, presents an investment opportunity with both stable cash flow and future development potential. Located on a strategic arterial corridor in Danville, Illinois, the property features 33 exterior-entry guest rooms and an on-site 3-bedroom apartment. The motel has a new roof installation backed by warranty. The additional vacant parcels offer development or expansion possibilities. Zoned B1 Neighborhood Business, the site allows for future repositioning or redevelopment for hospitality, multifamily, or mixed-use purposes. The property is located along East Main Street (U.S. Route 136), near Interstate 74, within Danville's Campus Corridor TIF District. This corridor is near the VA Illiana Health Care System, Danville Area Community College (DACC), and the Golden Nugget Danville Casino. In 2023, the motel reported a gross income of $249,320, an increase from $199,793 in 2022. The motel caters to transient highway travelers, extended-stay guests, workforce lodging, and visiting families. Danville, located west of the Indiana border and 90 miles from Indianapolis, is experiencing a resurgence due to public-private investment, industrial expansion, and infrastructure growth. Danville serves as an economic anchor for surrounding rural communities, with major employers including Carle Health, AutoZone Distribution Center, Watchfire Signs, Viscofan, and multiple state and federal institutions. The opening of the Golden Nugget Casino has added a tourism and entertainment aspect to the city's economy.