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    Danville, IL Motels for Sale

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    American Inn Motel For Sale
    Updated: Apr 2
    American Inn Motel For Sale

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    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.
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    34-Room Exterior-Entry Motel
    Updated: Apr 2
    34-Room Exterior-Entry Motel

    1824 E Main Street, Danville, IL 61832

    $500,000
    0.92 AC lot
    34 exterior‑entry guest rooms
    Three parcels totaling approximately 0.92 acres
    On‑site 3‑bedroom apartment
    Two vacant parcels included with the motel improvements
    Recently installed roof backed by a warranty
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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 10 Potential Opportunities for your consideration. Besides 2 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.

    16-Room Motel with Dual Entrances
    16-Room Motel with Dual Entrances

    5634 W Jefferson Boulevard, Fort Wayne, IN 46804

    $1,188,000
    0.57 AC lot

    16-room motel with entrances from the front and back lot, featuring central air and wall units plus carpeted interiors.

    View details
    Two-Story 37-Room Motel
    Two-Story 37-Room Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,399,000
    0.42 AC lot

    Zoned B3-2 with central air in a two-story 37-room motel with main-level parking.

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    2-Story 37-Room Motel
    2-Story 37-Room Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    Contact for pricing
    12,000 sqft 0.41 AC lot

    A 37-room, two-story exterior-corridor motel built in 1971 with main-level parking on commercial land.

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    Motel/Apartment Conversion Opportunity
    Motel/Apartment Conversion Opportunity

    5634 W Jefferson Boulevard, Fort Wayne, IN 46804

    Contact for pricing
    24,829 sqft

    Convertible property with multiple bathrooms and entrances.

    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.

    Prime Commercial Land I-55 Access
    Prime Commercial Land I-55 Access

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

    $550,000
    1.63 AC lot

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

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    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Commercial Land with Stream
    Commercial Land with Stream

    15527 State Route 235, Lakeview, OH 43331

    $109,900
    1.76 AC lot

    B-2-zoned parcel on State Route 235 with mature trees and a rear stream.

    View details
    High-Visibility Commercial Development Land
    High-Visibility Commercial Development Land

    6842 Highway O, Catawissa, MO 63015

    $380,000
    3.64 AC lot

    Corner commercial land with utilities to the site and present permission for a 17,000 SF building.

    View details

    Danville, IL Motels Market Trends and Statistics

    Explore 2 motels for sale in Danville, IL on our real estate platform.

    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

    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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