Operating Motel with 19
For Sale
Contact for pricing
Pending
3420 N 22nd St, Decatur, IL 62526
Operating Tri-Manor Motel offers 19 units with a lobby on a 1.57-acre parcel along Illinois Route 48.
Lot Size1.57 Acres
Days on Market111
Property Features for 3420 N 22nd St
General Information
Standard status
Pending
Lot size
1.57 Acres
Property subtype
Multifamily
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
Main Place Real Estate
(217) 454-8800
Listed By:
Zane Peterson · License #481.010682
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 4:27PM
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 Main Place Real Estate
Investment Insights
Based on property information with market context.
The Tri-Manor Motel is an operating hospitality property with 19 units and an on-site lobby. The motel is currently in operation with an on-site manager, and the property is set up for short-term lodging based on the current operating model described in the listing. According to the on-site manager, current rental rates are $50 per night and $250 per week. The property is presented as a value-add opportunity, with scope to make improvements while continuing current operations or potentially adapting the property for other use.
The motel is located on Illinois Route 48 in the northeast corridor of Decatur. The listing advises not disturbing guests or tenants, and notes the current assessed Fair Market Value of $253,000. For inquiries and showings, contact the broker.
The motel is located on Illinois Route 48 in the northeast corridor of Decatur. The listing advises not disturbing guests or tenants, and notes the current assessed Fair Market Value of $253,000. For inquiries and showings, contact the broker.
Key Highlights
- Operating Tri‑Manor Motel with 19 units and a lobby
- Located on a 1.57‑acre parcel along Illinois Route 48
- Property includes an on‑site manager and is currently in operation
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62526, IL
31,758
Population
16,425
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
481
Density / Sq Mi
$48,222
Median Household Income
$39,048
Median Earnings
$785
Median Rent
$91,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Motel - Operating Tri-Manor Motel offers 19 units with a lobby on a 1.57-acre parcel along Illinois Route 48.
Where is this motel located?
The property is located at 3420 N 22nd St Decatur, IL.
What are key features of this property?
This property features: Operating Tri‑Manor Motel with 19 units and a lobby; Located on a 1.57‑acre parcel along Illinois Route 48; Property includes an on‑site manager and is currently in operation
