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    Danville, IL Motels for Sale

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    34-Room Motel with Expansion Land
    Updated: Apr 2
    34-Room Motel with Expansion Land

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    34 exterior‑entry guest rooms
    Three parcels totaling 0.9238 acres
    On‑site 3‑bedroom apartment
    Two vacant parcels included with the motel improvements
    Recently installed roof with warranty
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    34-Room Motel with Expansion Land
    Updated: Aug 17
    34-Room Motel with Expansion Land

    1824 E Main St, Danville, IL 61832

    $500,000
    20,077 sqft 0.92 AC lot
    34 exterior‑entry guest rooms
    Three parcels totaling approximately 0.92 acres, including two vacant parcels
    On‑site 3‑bedroom apartment
    New roof installation backed by warranty
    Zoned B1 Neighborhood Business
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Log-Exterior Motel Property
    Log-Exterior Motel Property

    2790 Blue Star Highway, Fennville, MI 49408

    $449,900
    2,073 sqft 0.96 AC lot

    Open commercial interior with two bathrooms and a wood-sided exterior suited to redevelopment or continued hospitality use.

    View details
    Log-Cabin Motel Property
    Log-Cabin Motel Property

    Fennville, MI 49408

    $449,900
    2,076 sqft

    Open interior, two bathrooms, and nearly an acre create a flexible foundation for hospitality or other commercial concepts.

    View details
    37-Room Exterior-Corridor Motel
    37-Room Exterior-Corridor Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,399,000
    0.42 AC lot

    Two-story lodging property with central air, main-level parking, and B3-2 Commercial zoning.

    View details
    Independent Limited-Service Motel
    Independent Limited-Service Motel

    1140 W 95th St, Chicago, IL 60643

    $3,500,000

    Independent limited-service motel with a 24-hour front desk, weekly housekeeping, and on-site parking.

    View details

    Danville, IL Motels Market Trends and Statistics

    Explore 2 motels for sale in Danville, IL on our real estate platform. These investment opportunities span a total of 20,077 square feet of properties for sale, with an estimated market value of $1,000,000.

    Sale prices for motels in Danville, IL average $500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 2
    Hotels 1

    Demographics Overview

    Population 42K
    Population Growth (5Y) -11.4%
    Median Household Income $52,334
    College Educated 20.4%

    High-Yield Neighborhoods for Investment

    Identify Danville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61832 $500K

    Taxes & Financing

    Tax Rate (average for all types) 9.28%
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Danville fall within the 10,000 to 25,000 square foot range.

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