1824 E Main Street Danville, IL 61832

The American Inn Motel, situated on approximately 0.92 acres across three parcels, offers a blend of stable cash flow and future development potential. Located on a strategic arterial corridor in Danville, Illinois, the property features 34 exterior-entry guest rooms and a 3-bedroom apartment suitable for owner occupancy or rental income. A new roof has recently been installed with warranty. The additional vacant parcels provide development or expansion possibilities. Zoned B1 Neighborhood Business, the site allows flexibility for future repositioning or redevelopment, including hospitality, multifamily, or mixed-use projects. The property is located along East Main Street (U.S. Route 136), near Interstate 74, within Danville's Campus Corridor TIF District, which may offer financial incentives to qualified investors and developers. The location 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, driven by consistent bookings and nightly rates between $65 to $85. 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. The city's diverse economy includes healthcare, education, manufacturing, government, and hospitality sectors.