Brick Hotel with 25
For Sale
Contact for pricing
Pending
213 S Ladd St, Pontiac, IL 61764
Brick lodging property with a manager’s apartment and nearby grocery, dining, and retail amenities.
Property SizeContact for details
Days on Market142
Property Features for 213 S Ladd St
General Information
Standard status
Pending
Property subtype
Hospitality
Listing Agency:
Coldwell Banker Commercial NRT Chicago
Listed By:
R Shah · License #IL 475124375
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 30 at 3:14PM
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 Coldwell Banker Commercial NRT Chicago
Investment Insights
Based on property information with market context.
The Palamar Motel is a brick hotel containing 25 rooms within a floor plan identified for conversion to apartment or multifamily use. A manager’s apartment is included, and the property is positioned for consideration of alternative applications such as behavioral health or student housing, as described in the offering information.
Located at 213 S Ladd St in Pontiac, Illinois, the property is near employment centers, business districts, grocery stores, restaurants, and retail shopping. Highway access is described as being within a few miles. A separate vacant building with 31 units and adjacent vacant land are also identified as potential components of a broader acquisition involving up to three parcels.
Located at 213 S Ladd St in Pontiac, Illinois, the property is near employment centers, business districts, grocery stores, restaurants, and retail shopping. Highway access is described as being within a few miles. A separate vacant building with 31 units and adjacent vacant land are also identified as potential components of a broader acquisition involving up to three parcels.
Key Highlights
- 25‑room brick hotel at 213 S Ladd St, Pontiac, IL 61764
- Floor plan identified for apartment or multifamily conversion
- Manager’s apartment included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 61764, IL
13,668
Population
6,058
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
154.5 sq mi
ZIP Area
88
Density / Sq Mi
$68,438
Median Household Income
$38,670
Median Earnings
$835
Median Rent
$122,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Hotel - Brick lodging property with a manager’s apartment and nearby grocery, dining, and retail amenities.
Where is this hotel located?
The property is located at 213 S Ladd St Pontiac, IL.
What are key features of this property?
This property features: 25‑room brick hotel at 213 S Ladd St, Pontiac, IL 61764; Floor plan identified for apartment or multifamily conversion; Manager’s apartment included
