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1412 W Fayette Ave Effingham, IL 62401

Sponsored
For Sale
$4,000,000

104-unit motel, strong ROI, prime location

Property size:
20,965 SF

Description

Added:
Jan 28, 2025
Days on Market:
345
This exceptional investment opportunity presents a 104-unit Motel 6/Studio 6 property located in Effingham, Illinois. Strategically situated off a major interstate exit, the two-story motel boasts high visibility thanks to prominent signage. The property features exterior walkways and a recently updated lobby. Significant capital expenditures have been made, including the complete renovation of all Studio 6 rooms to the Gemini PIP Standard. This upgrade, coupled with the property's prime location near the crossroads of Interstates 70 and 57, ensures a steady stream of travelers. The property also offers convenient truck parking. Financial performance demonstrates strong growth, with 2023 room revenue reaching $1,237,877 and July 2024 trailing twelve-month (TTM) room revenue at $1,766,993. The thriving Effingham market, close to attractions like Lake Sara, TREC Calico Trail, and the Effingham Performance Center, further enhances the investment potential. Recent capital improvements include a partial new roof, parking lot sealant, exterior paint, new lobby counters, and exterior walkway repairs. This well-maintained property offers a compelling opportunity for hospitality investors seeking a strong return on investment in a vibrant commercial hub. The property's size is 20,965 square feet on a 4.73-acre lot.

Property Features for 1412 W Fayette Ave

General Information

Property type
Motels
Square Feet
20,965 SF
Price / Square Foot
$190
Elevators
N/A
Lot Size
206,039 SF

Building Details

Year Built/Renovated
1975/2023
Buildings
1
Stories
2
Units
104

HighLights

  • 104‑unit motel with 65 Motel 6 and 39 Studio 6 rooms.
  • Boasting $1,766,993 in trailing twelve‑month room revenue (July 2024).
  • Conveniently located near major interstates with ample truck parking.
Location Intelligence

Current Use by Public Records

Motels

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Effingham
State
Illinois
Longitude
-88.56039
Latitude
39.122042

FAQs

What type of property is this?
Motel - 104-unit motel, strong ROI, prime location
Where is this motel located?
The property is located at 1412 W Fayette Ave Effingham, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 104-unit motel with 65 Motel 6 and 39 Studio 6 rooms.; Boasting $1,766,993 in trailing twelve-month room revenue (July 2024).; Conveniently located near major interstates with ample truck parking.
More about this property
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