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    327 Fountains Pkwy Fairview Heights, IL 62208

    Sponsored
    For Sale
    $10,600,000

    Turnkey Hotel, 119 Rooms, Illinois

    Property size:
    84,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey hotel and conference center in Fairview Heights, Illinois, presents a lucrative investment opportunity. Boasting 119 guest rooms, the property encompasses 84,350 square feet across two, four-story buildings situated on a 5.57-acre lot (APN: 03-22.0-306-006

    Property Features for 327 Fountains Pkwy

    General Information

    Property type
    Hotels
    Square Feet
    84,350 SF
    Lot Size
    242,629 SF

    Building Details

    Year Built/Renovated
    2002/2019
    Buildings
    2
    Stories
    4

    HighLights

    • Turnkey hotel with 119 guest rooms.
    • 19,000 SF conference center with five individual ballrooms, convertible to one large ballroom.
    • 500‑person capacity ballroom/conference area plus three additional large conference rooms.
    • Scenic outdoor patios with park views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St Clair
    State
    Illinois
    Longitude
    -89.981268
    Latitude
    38.604816

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    FAQs

    What type of property is this?
    Hotel - Turnkey Hotel, 119 Rooms, Illinois
    Where is this hotel located?
    The property is located at 327 Fountains Pkwy Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $10,600,000.
    What are key features of this property?
    This property features: Turnkey hotel with 119 guest rooms.; 19,000 SF conference center with five individual ballrooms, convertible to one large ballroom.; 500-person capacity ballroom/conference area plus three additional large conference rooms.
    Request Owner's contact information
    327 Fountains Pkwy Fairview Heights, IL 62208
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    Fairview Heights, IL 62208
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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
    327 Fountains Pkwy Fairview Heights, IL 62208
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