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Property profile & analytics

1412 W Fayette Ave Effingham, IL 62401

  • Commercial real estate
  • 41,731 SF
  • 4.73 lot acres
For Sale
Last Sale
Jul 30, 2021
$950,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5177845
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1412 W Fayette Ave

Lot size
4.73 lot acres
Property size
41,731 SF
Property type
Commercial real estate
APN
03-11-020-100
APU
311020100

Description

This exceptional investment opportunity presents a dual-branded Motel 6 and Studio 6 property located in Effingham, Illinois, at 1412 W Fayette Ave, zip code 62401. The property boasts 104 keys spread across a two-story building constructed in 1975. The motel enjoys a prime location with high visibility from two signs, situated off a major interstate exit. Recent capital expenditures have significantly enhanced the property, including a complete renovation of all Studio 6 rooms to Gemini PIP standards. Other upgrades include partial roof replacement, parking lot sealant, exterior painting, new lobby counters, and exterior walkway repairs. The property features exterior walkways and a well-appointed lobby. Available truck parking adds to its appeal. Financially, the property demonstrates strong performance. Room revenue for 2023 reached $1,237,877, with trailing twelve-month (TTM) room revenue as of July 2024 totaling $1,766,993. The motel's strategic location at the crossroads of Interstates 70 and 57 ensures consistent traffic and high occupancy rates. This presents a compelling investment opportunity in a thriving hospitality market. The asking price for this well-maintained and upgraded property is $4,000,000. The property consists of 65 Motel 6 units and 39 Studio 6 units.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $890,000
    ML approach
    $1,045,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,323,000
    Market price range: $1.25M - $4.48M
    AI Estimate
    $1,061,000
    Market price range: $1.06M - $3.56M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Effingham
County
Effingham
State
Illinois
Longitude
-88.5604
Latitude
39.122
CBSA code
20820
CBSA name
EFFINGHAM, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,690
$163,150
$258,240
$421,390
-
$489,450
$774,720
$1,264,170
More about this property
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