2400 W Main St Carbondale, IL 62901

This exceptional investment opportunity presents the University Inn, a 127-unit hotel in Carbondale, Illinois. Strategically located just two miles from Southern Illinois University and adjacent to Highway 51, this property offers significant upside potential. Currently featuring 57 operational rooms, an additional 70 rooms are ready for renovation into extended-stay units. The property also includes an 8,000 square foot restaurant and bar space available for lease, along with 1,000 square feet of meeting space and additional land for future development. Its proximity to SIH Memorial Hospital and the new MWA Airport (with direct flights to Chicago) further enhances its appeal. The hotel's independent operation allows for flexibility and branding opportunities. The location offers access to nearby attractions including Shawnee National Forest, Giant City State Park, and Pomona Natural Bridge, as well as the Shawnee Hills Wine Trail. The property sits on a 6.25-acre lot and boasts a total building size of 67,000 square feet. The asking price is $2,995,000. Financial records indicate 2022 revenue of $531,390 and 2023 revenue of $494,091. This is a rare chance to acquire a well-positioned hotel with substantial growth prospects in a vibrant and attractive location.