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    Danville, IL Motels for Sale

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    Tilton, IL Westville, IL Georgetown, IL
    American Inn Motel For Sale
    $500,000
    0.92 Acres
    American Inn Motel For Sale

    1824 E Main Street, Danville, IL 61832

    34-room motel with development potential in Danville, Illinois.
    • Strategic location on East Main Street (U.S. Route 136) near Interstate 74 and within Danville's Campus Corridor TIF District, offering potential financial incentives.
    • Strong income growth: Gross income increased from $199,793 in 2022 to $249,320 in 2023.
    • Proximity to major demand generators: VA Illiana Health Care System, Danville Area Community College (DACC), and Golden Nugget Danville Casino.
    • Additional land included: Situated on 0.92 acres with two vacant parcels for potential development or expansion.
    • On‑site 3‑bedroom apartment: Ideal for owner occupancy or generating rental income.
    Updated: Apr 2
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Danville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Chicago Motel Near Cottage Grove
    $2,450,000
    12,000 SF
    Chicago Motel Near Cottage Grove

    37-room motel in Greater Grand Crossing community for sale.

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    View details
    Chicago Motel with Restaurant Building
    $2,300,000
    18,000 SF
    Chicago Motel with Restaurant Building

    34-room motel with separate restaurant in Chatham neighborhood.

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    View details
    Prime Commercial Parcel in Bridgman
    $114,000
    1.11 Acres
    Prime Commercial Parcel in Bridgman

    One-acre commercial land with high visibility and access.

    10067 Red Arrow Highway, Bridgman, MI 49106

    View details
    Prime Commercial Parcel in Bridgman
    $119,000
    1.00 Acre
    Prime Commercial Parcel in Bridgman

    One-acre commercial land with high visibility and access.

    10067 Red Arrow Hwy, Bridgman, MI 49106

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Development Land Near I-55
    $550,000
    Development Land Near I-55

    Commercial land available near I-55, suitable for development.

    6000 South 6th Street Frontage Road East, Springfield, IL 62712

    View details
    Prime Commercial Land I-55 Access
    $550,000
    1.63 Acres
    Prime Commercial Land I-55 Access

    1.63 acre commercial land near I-55 in Springfield, IL.

    6000 S 6th Street Frontage Road, Springfield, IL 62702

    View details
    Prime Land Ready for Redevelopment
    $930,000
    5.44 Acres
    Prime Land Ready for Redevelopment

    Acreage zoned for Highway Business, ideal for commercial redevelopment.

    6337 Miller Lane, Dayton, OH 45414

    View details
    Prime Land Ready for Redevelopment
    $860,000
    5.44 Acres
    Prime Land Ready for Redevelopment

    Acreage zoned for Highway Business, ideal for commercial redevelopment.

    6321 Miller Lane, Dayton, OH 45414

    View details

    Danville, IL Motels Market Trends and Statistics

    Explore 1 motels for sale in Danville, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $500,000.

    Sale prices for motels in Danville, IL start at $500,000, averaging $500,000, and reaching up to $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 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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