2400 Main St Carbondale, IL 62901

Property Details for 2400 Main St

Lot size

6.25 lot acres

Property type

Commercial real estate

APN

15-18-477-005

APU

1518477005

Description

This 67,000-square-foot hotel in Carbondale, Illinois, presents a compelling investment opportunity. Built in 1970, the property boasts 127 keys, with 57 currently operational rooms and 70 additional rooms ready for renovation into extended-stay units. The hotel features an 8,000-square-foot restaurant and bar space available for lease, along with 1,000 square feet of meeting space and additional land for future development. Its prime location offers significant advantages: it's situated near Southern Illinois University (3.9 miles), Highway 51, SIH Memorial Hospital (2 miles), and the new MWA Airport (13 miles) with direct flights to Chicago. The property also benefits from proximity to the Amtrak station and popular attractions such as Shawnee National Forest, Giant City State Park, and Pomona Natural Bridge (all within 15 minutes). The hotel operates independently, offering flexibility for future branding and management. The asking price is $2,995,000 ($23,582 per key). Financial data reveals 2022 revenue of $531,390 and 2023 revenue of $494,091. This presents a unique chance to acquire a well-positioned hotel with substantial upside potential through renovations and lease agreements. The property's strategic location and existing infrastructure provide a solid foundation for growth and profitability.