3420 N 22nd St Decatur, IL 62526

Listing agency Main Place Real Estate z***@mainplace.us Show Phone

Listed by Zane Peterson · License #481.010682

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:59AM Checked: Jul 21 at 12:59AM

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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.

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

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FAQs

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