Listing Agency: Keller Williams Revolution. r***@tuckerhomemarketing.com Show Phone

Listed By: Christina Patellaro · License #RMA6288

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:13AM

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Investment Insights

Based on property information with market context.

This 2-acre hospitality property includes 13 units and a separate two-bedroom, two-bath residence with a full basement. The residence could support an onsite owner or manager. The property requires additional work, including improvements to the large bar, restaurant, and clubhouse areas.

The site includes room for parking or expansion and overlooks Marshall County airport. It is located less than a mile east of Lacon, Illinois, along E State Route 17. The property’s existing motel configuration and additional commercial areas provide a range of renovation, repurposing, or redevelopment considerations.

Key Highlights

• 2‑acre hospitality property with 13 units
• Two‑bedroom, two‑bath residence with full basement
• Large bar, restaurant, and clubhouse areas requiring work

Property Analytics

Property Profile

Current Use

Motels

Suggested Use

Top Pick Garden Center Parking Lot & Garage Real Estate Agency Veterinary Clinic Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61540, IL

2,741

Population

1,298

Households

2.1

Avg Household Size

46

Median Age

19%

College-Educated

94%

High-School Grad

52.7 sq mi

ZIP Area

52

Density / Sq Mi

$74,519

Median Household Income

$40,735

Median Earnings

$803

Median Rent

$154,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this motels located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Motel - Former motel with an owner or manager residence, basement, and bar, restaurant, and clubhouse areas.

Where is this motel located?

The property is located at 1355 E State Route 17 Lacon, IL.

What are key features of this property?

This property features: 2‑acre hospitality property with 13 units; Two‑bedroom, two‑bath residence with full basement; Large bar, restaurant, and clubhouse areas requiring work