Turn-Key 40-Unit
For Sale
Contact for pricing
1100 NIEDRINGHAUS AVE, Granite City, IL 62040
Operating 40-room motel offering guest amenities including Wi-Fi, air conditioning, and extended-stay kitchenette suites.
Property Size13,860 SF
Lot Size1.00 Acre
Price / SF$86.58
Days on Market53
Property Features for 1100 NIEDRINGHAUS AVE
General Information
Standard status
Active
Size
13,860 SF
Class
C
Lot size
1.00 Acre
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Stories
2
Units
1
Listing Agency:
Nav Singh
Listed By:
Navraj Singh · License #IL 475187360
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nav Singh
Investment Insights
Based on property information with market context.
This turn-key motel includes 40 guest rooms in approximately 13,860 square feet on a one-acre site. The property is presented as an operating hospitality business with in-place guest amenities, including high-speed Wi-Fi, air conditioning throughout, guest laundry, and pet-friendly rooms. It also features extended-stay accommodations with kitchenettes intended for longer visits.
The motel is located at 1100 Niedringhaus Ave in Granite City, IL, on a highly visible lot with direct access to major routes, including I-270, Route 3, and Route 203. The property’s location is designed for convenient arrival and departure for travelers.
For buyers seeking an owner-operator or a turn-key hospitality asset, this property offers a ready-to-operate room mix that can support both short stays and guests looking for kitchenette-equipped extended options. Interested parties can request financial information from the seller as part of the purchase process, and a private tour is available for qualified buyers.
The motel is located at 1100 Niedringhaus Ave in Granite City, IL, on a highly visible lot with direct access to major routes, including I-270, Route 3, and Route 203. The property’s location is designed for convenient arrival and departure for travelers.
For buyers seeking an owner-operator or a turn-key hospitality asset, this property offers a ready-to-operate room mix that can support both short stays and guests looking for kitchenette-equipped extended options. Interested parties can request financial information from the seller as part of the purchase process, and a private tour is available for qualified buyers.
Key Highlights
- 40‑room motel with 13,860 SF operating space
- Operating on a 1‑acre lot with direct access to I‑270, Route 3, and Route 203
- Guest amenities include high‑speed Wi‑Fi and air conditioning throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,653
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,133,060
$2.1M
Cap Rate 7%
$1,523,614
$1.5M
Cap Rate 9%
$1,185,033
$1.2M
Market Conditions
NOI Build-Up for 13,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$249.5K $18.00/SF
− Vacancy
−$24.9K −$1.80/SF
EGI
$224.5K $16.20/SF
− OpEx
−$117.9K −$8.51/SF
NOI
$106.7K $7.69/SF
Area
Madison County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,133,060
Cap Rate 7%
$1,523,614
Cap Rate 9%
$1,185,033
Alternative Uses
Best Use
Hotel Hospitality
$1.52M
$1.33M – $1.78M
NOI $106,653 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.78M
$3.31M – $4.41M
NOI $264,449 @ 7.0% cap · market cap 22.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62040, IL
40,872
Population
18,842
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
1,024
Density / Sq Mi
$60,558
Median Household Income
$40,963
Median Earnings
$852
Median Rent
$106,600
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Wit Lyon — Chain of Rocks Rd, Granite City, IL 62040
- Relax Inn — 1100 Niedringhaus Ave, Granite City, IL 62040
- The Mill Events — 1311 20th St, Granite City, IL 62040
Frequently Asked Questions
What type of property is this?
Motel - Operating 40-room motel offering guest amenities including Wi-Fi, air conditioning, and extended-stay kitchenette suites.
Where is this motel located?
The property is located at 1100 NIEDRINGHAUS AVE Granite City, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 40‑room motel with 13,860 SF operating space; Operating on a 1‑acre lot with direct access to I‑270, Route 3, and Route 203; Guest amenities include high‑speed Wi‑Fi and air conditioning throughout
