2600 Main St Marion, IL 62959

Property Details for 2600 Main St

Lot size

2.94 lot acres

Property type

Commercial real estate

APN

06-14-351-016

APU

614351016

Description

This exceptional investment opportunity presents a 122-key Quality Inn & Suites hotel in Marion, Illinois. Boasting 60,000 square feet across a two-story building on a 2.85-acre lot, this property offers significant potential. Built in 1989 and extensively renovated in 2022, the hotel features a seasonal outdoor pool and enjoys a prime location off US Highway 57. Its strategic proximity to key attractions, including the Williamson County Historical Museum (7-minute drive), Harry L. Crisp Sports Complex (8-minute drive), Pyramid Park (8-minute drive), Crab Orchard National Wildlife Refuge (10-minute drive), and Mandala Gardens (10-minute drive), ensures consistent occupancy. The hotel's strong financial performance is highlighted by a 9.29% cap rate and a Net Operating Income (NOI) of $394,653, with an asking price of $4,250,000 ($70.83 per square foot). The property is zoned C and operates under fee simple ownership, presenting a compelling opportunity for owner/users. This well-maintained hotel offers a rare combination of established revenue streams and significant upside potential in a desirable location. The property is conveniently located near the Marion Carnegie Library. The hotel is also within easy reach of the Southern Illinois Miners baseball team.