34-Room Motel with Expansion
For Sale
$500,000
1824 E Main St, Danville, IL 61832
Operating hospitality property with exterior-entry rooms, an apartment, vacant parcels, and a recently installed roof.
Property Size20,077 SF
Lot Size0.92 Acres
Price / SF$24.90
Days on Market13
Property Features for 1824 E Main St
General Information
Standard status
Active
Size
20,077 SF
Lot size
0.92 Acres
Property subtype
Business Opportunity
Zoning
B1 Neighborhood Business
Financials
Asking Price
$500,000
Business Included
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
hospitality, commercial
Amenities
apartment
Listing Agency:
MoHall Commercial & Urban Development
(312) 826-9925
Listed By:
Moses Hall · License #471019687
Source:
Bktchicago
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 10:41AM
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 MoHall Commercial & Urban Development
Investment Insights
Based on property information with market context.
The American Inn is an operating motel with 34 exterior-entry guest rooms and an on-site 3-bedroom apartment. The property spans three parcels totaling approximately 0.92 acres, including two vacant parcels that may support future expansion or redevelopment. A new roof installation with warranty provides a recent capital improvement. The site is zoned B1 Neighborhood Business.
Located on East Main Street, identified as U.S. Route 136, the motel is minutes from Interstate 74 and within Danville’s Campus Corridor TIF District. Nearby demand generators include the VA Illiana Health Care System, Danville Area Community College, and the Golden Nugget Danville Casino. The surrounding market also includes healthcare, education, manufacturing, government, and hospitality activity, with major employers such as Carle Health, AutoZone Distribution Center, Watchfire Signs, and Viscofan.
Located on East Main Street, identified as U.S. Route 136, the motel is minutes from Interstate 74 and within Danville’s Campus Corridor TIF District. Nearby demand generators include the VA Illiana Health Care System, Danville Area Community College, and the Golden Nugget Danville Casino. The surrounding market also includes healthcare, education, manufacturing, government, and hospitality activity, with major employers such as Carle Health, AutoZone Distribution Center, Watchfire Signs, and Viscofan.
Key Highlights
- 34 exterior‑entry guest rooms
- Three parcels totaling approximately 0.92 acres, including two vacant parcels
- On‑site 3‑bedroom apartment
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
301
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61832, IL
32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
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Similar Off Market Nearby
- VAMC Danville — 230 State St, Danville, IL 61832
- American Inn Motel — 1824 E Main St #107, Danville, IL 61832
Frequently Asked Questions
What type of property is this?
Motel - Operating hospitality property with exterior-entry rooms, an apartment, vacant parcels, and a recently installed roof.
Where is this motel located?
The property is located at 1824 E Main St Danville, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 34 exterior‑entry guest rooms; Three parcels totaling approximately 0.92 acres, including two vacant parcels; On‑site 3‑bedroom apartment
