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    2400 Main St Carbondale, IL 62901

    For Sale
    $2,995,000

    127-Key Hotel, High Growth Potential

    Property size:
    67,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 67,000-square-foot hotel in Carbondale, Illinois, presents a compelling investment opportunity. Built in 1970, the property boasts 127 keys, with 57 currently operational rooms and 70 additional rooms ready for renovation into extended-stay units. The hotel features an 8,000-square-foot restaurant and bar space available for lease, along with 1,000 square feet of meeting space and additional land for future development. Its prime location offers significant advantages: it's situated near Southern Illinois University (3.9 miles), Highway 51, SIH Memorial Hospital (2 miles), and the new MWA Airport (13 miles) with direct flights to Chicago. The property also benefits from proximity to the Amtrak station and popular attractions such as Shawnee National Forest, Giant City State Park, and Pomona Natural Bridge (all within 15 minutes). The hotel operates independently, offering flexibility for future branding and management. The asking price is $2,995,000 ($23,582 per key). Financial data reveals 2022 revenue of $531,390 and 2023 revenue of $494,091. This presents a unique chance to acquire a well-positioned hotel with substantial upside potential through renovations and lease agreements. The property's strategic location and existing infrastructure provide a solid foundation for growth and profitability.

    Property Features for 2400 Main St

    General Information

    Property type
    Motels
    Square Feet
    67,000 SF

    Building Details

    Year Built
    1970

    HighLights

    • $2,995,000 asking price for a 67,000 square foot hospitality property.
    • 127‑key hotel/motel built in 1970, located at 2400 W Main St, Carbondale, IL 62901.
    • Close proximity to Southern Illinois University (3.9 miles), Shawnee National Forest, Giant City State Park, and Pomona Natural Bridge (within 15 minutes).
    • Features a 8,000 square foot restaurant/bar space available for lease and 1,000 square feet of meeting space.
    • Priced at $23,582 per key; 2022 revenue: $531,390; 2023 revenue: $494,091.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    University Inn of Carbondale Hotel Panda's Security Security Guard Service

    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
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.248218896407
    Latitude
    37.733101765941

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    FAQs

    What type of property is this?
    Motel - 127-Key Hotel, High Growth Potential
    Where is this motel located?
    The property is located at 2400 Main St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: $2,995,000 asking price for a 67,000 square foot hospitality property.; 127-key hotel/motel built in 1970, located at 2400 W Main St, Carbondale, IL 62901.; Close proximity to Southern Illinois University (3.9 miles), Shawnee National Forest, Giant City State Park, and Pomona Natural Bridge (within 15 minutes).
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    2400 Main St Carbondale, IL 62901
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    Carbondale, IL 62901
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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
    2400 Main St Carbondale, IL 62901
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