1907 Cunningham Ave Urbana, IL 61802
- Motels
- 7.32 lot acres
Current Use by Public Records
- Eastland Suites Hotel & Conference Center / Extended Stay Hotel / Banquet Hall
- Holiday Inn Express & Suites / Lodging
- Eastland Suites Middle School / Hotel
Property Details for 1907 Cunningham Ave
- Lot size
- 7.32 lot acres
- Property type
- Motels
- APN
- 912104301025
- APU
- 912104301025
Description
Exceptional investment opportunity: EastLake Suites Hotel & Conference Center in Urbana, Illinois, is offered for sale at $9,000,000. This 127-key, full-service hotel, built in 1966 and renovated in 2011, boasts consistently strong financial performance, generating annual revenue between $2.9 million and $3.1 million. High occupancy rates are maintained year-round due to a strategic location near Interstate 74 and the University of Illinois, attracting corporate clients, university events, and leisure travelers. The hotel features spacious guest rooms and suites, many with fully equipped kitchens and fireplaces, catering to both short-term and extended stays. Amenities include a heated indoor pool, a full-service fitness center, whirlpool tubs, a lounge and bar, and on-site video gaming. Extensive meeting and event spaces make it a popular venue for weddings, corporate gatherings, and social events. Six buildings, each with eight rooms accessible via outdoor corridors, comprise the property, which also includes ample parking and green spaces. This turnkey operation offers immediate revenue growth potential with a loyal customer base and experienced staff. The property's financial documents are available for review.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.1986
- Latitude
- 40.1318
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
