Interior Corridor Hotel
5 Cavalry Dr Wenona, IL 61377
For Sale
Contact for pricing
Interior corridor hotel/motel featuring updated rooms and an on-site living apartment near highway access.
Property Size15,000 SF
Price / SF$83.40
Days on Market23
Property Features for 5 Cavalry Dr
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Business for Sale
Building Details
Year Built
1996
Listing Agency:
Coldwell Banker Commercial NRT Chicago
Listed By:
R Shah · License #IL 475124375
Source:
Crexi
Added: Jul 6
Changed: Jul 23
Last Checked: Jul 27 at 9:33AM
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.
This interior corridor hotel/motel includes an on-site living apartment and offers updated rooms. The property is described as having a stable clientele and is positioned for convenient guest access.
The location is noted as near a large metropolitan city and Chicago’s large suburbs within Illinois, with convenient access to the highway. The surrounding area is characterized as central to larger suburbs for shopping and day-to-day convenience.
The offering is presented as open for additional options and opportunities, with the current accommodations identified as updated.
The location is noted as near a large metropolitan city and Chicago’s large suburbs within Illinois, with convenient access to the highway. The surrounding area is characterized as central to larger suburbs for shopping and day-to-day convenience.
The offering is presented as open for additional options and opportunities, with the current accommodations identified as updated.
Key Highlights
- Interior corridor hotel/motel with an on‑site living apartment
- Year built: 1996
- Updated rooms
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.0k | $15.00 |
| − Vacancy | −$123.8k | −$8.25 |
| EGI | $101.2k | $6.75 |
| − OpEx | −$53.2k | −$3.54 |
| NOI | $48.1k | $3.21 |
15,000 SF · lease $15.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$687.1K
$601.2K – $801.6K
NOI $48,094 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.12M
$11.48M – $15.31M
NOI $918,530 @ 7.0% cap · market cap 73.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Americas Best Value Inn Wenona — 5 Cavalry Dr, Wenona, IL 61377
Frequently Asked Questions
What type of property is this?
Motel - Interior corridor hotel/motel featuring updated rooms and an on-site living apartment near highway access.
Where is this motel located?
The property is located at 5 Cavalry Dr Wenona, IL.
What is the asking price?
The asking price for this property is $1,251,000.
What are key features of this property?
This property features: Interior corridor hotel/motel with an on‑site living apartment; Year built: 1996; Updated rooms
