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    610 Springfield Rd Arcola, IL 61910

    Sponsored
    For Sale
    $1,800,000

    40-Unit Choice Hotel, High Upside Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 40-unit Choice hotel presents a lucrative investment opportunity in Arcola, Illinois. Strategically located just off Interstate 57 in eastern Illinois, this two-story property offers significant upside potential for an owner-operator. Currently absentee-owned, the hotel boasts convenient amenities including a breakfast area, an outdoor swimming pool, and in-room microwaves and refrigerators in all guest rooms. On-site living quarters provide added convenience for management. The interior corridor design ensures guest comfort and security. The asking price for this established hotel is $1,800,000. This property is situated at 610 E Springfield Rd, Arcola, IL 61910, within Douglas County. Its prime location near a major interstate offers excellent accessibility and visibility, attracting a steady stream of travelers. The existing infrastructure and amenities provide a solid foundation for immediate revenue generation, while the absentee ownership structure presents a clear path for an owner-operator to enhance profitability through active management and operational improvements. This represents a rare chance to acquire a well-positioned hotel with substantial growth potential in a desirable market. Don't miss this opportunity to capitalize on the strong demand for hospitality services in this area.

    Property Features for 610 Springfield Rd

    General Information

    Property type
    Hotels

    HighLights

    • $1,800,000 asking price.
    • 40‑unit hotel in Arcola, Illinois.
    • Located just off I‑57.
    • Features a breakfast area, outdoor pool, and in‑room microwaves/refrigerators.
    • Offers owner‑operator upside potential; currently absentee‑owned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quality Inn Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.29634482
    Latitude
    39.68071237

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Hotel - 40-Unit Choice Hotel, High Upside Potential
    Where is this hotel located?
    The property is located at 610 Springfield Rd Arcola, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 40-unit hotel in Arcola, Illinois.; Located just off I-57.
    Request Owner's contact information
    610 Springfield Rd Arcola, IL 61910
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    Arcola, IL 61910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    610 Springfield Rd Arcola, IL 61910
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