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    2600 Main St Marion, IL 62959

    Sponsored
    For Sale
    $4,250,000

    122-key hotel, high ROI, prime location

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 122-key Quality Inn & Suites hotel in Marion, Illinois. Boasting 60,000 square feet across a two-story building on a 2.85-acre lot, this property offers significant potential. Built in 1989 and extensively renovated in 2022, the hotel features a seasonal outdoor pool and enjoys a prime location off US Highway 57. Its strategic proximity to key attractions, including the Williamson County Historical Museum (7-minute drive), Harry L. Crisp Sports Complex (8-minute drive), Pyramid Park (8-minute drive), Crab Orchard National Wildlife Refuge (10-minute drive), and Mandala Gardens (10-minute drive), ensures consistent occupancy. The hotel's strong financial performance is highlighted by a 9.29% cap rate and a Net Operating Income (NOI) of $394,653, with an asking price of $4,250,000 ($70.83 per square foot). The property is zoned C and operates under fee simple ownership, presenting a compelling opportunity for owner/users. This well-maintained hotel offers a rare combination of established revenue streams and significant upside potential in a desirable location. The property is conveniently located near the Marion Carnegie Library. The hotel is also within easy reach of the Southern Illinois Miners baseball team.

    Property Features for 2600 Main St

    General Information

    Property type
    Hotels
    Square Feet
    60,000 SF
    Lot Size
    124,146 SF

    Building Details

    Year Built/Renovated
    1989/2022
    Buildings
    1
    Stories
    2

    HighLights

    • 122‑room Quality Inn hotel in Marion, IL.
    • Seasonal outdoor pool.
    • Convenient US Highway 57 access.
    • Seven minutes from the Williamson County Historical Museum.
    • Eight minutes from the Harry L. Crisp Sports Complex.
    • Eight minutes from Pyramid Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quality Inn & Suites Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9613591
    Latitude
    37.731586

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    FAQs

    What type of property is this?
    Hotel - 122-key hotel, high ROI, prime location
    Where is this hotel located?
    The property is located at 2600 Main St Marion, IL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 122-room Quality Inn hotel in Marion, IL.; Seasonal outdoor pool.; Convenient US Highway 57 access.
    Request Owner's contact information
    2600 Main St Marion, IL 62959
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    Marion, IL 62959
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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
    2600 Main St Marion, IL 62959
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