Property profile

2400 Main St Carbondale, IL 62901

OFF-MARKET
Other commercial real estate
Property ID
US28-2913591
6.25 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The University Inn is a 127-unit hotel property in Carbondale, Illinois, approximately two miles from Southern Illinois University and adjacent to Highway 51. The site includes a 67,000-square-foot hotel building on a 6.25-acre lot, with 57 operational rooms and an additional 70 rooms configured for conversion into extended-stay units following renovations. On-site amenities include an 8,000-square-foot restaurant and bar area and approximately 1,000 square feet of meeting space. The property is positioned near SIH Memorial Hospital and the MWA Airport, and it is surrounded by local attractions including Shawnee National Forest, Giant City State Park, Pomona Natural Bridge, and the Shawnee Hills Wine Trail; the site also includes additional land considered suitable for future development.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.25 ac (272,250 SF)
APN 15-18-477-005
UPID US28-2913591

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Security Service

Location

2400 Main St Carbondale, IL 62901-1038
Carbondale metro Census 10800 CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2018
3 recorded transactions
2019
Price N/A
2018
$500,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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