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    Property profile & analytics
    OFF-MARKET Estimated value $1,210,000
    Commercial real estate

    610 Springfield Rd, Arcola, IL 61910-1803

    19,056 SF 0.96 ac lot Built 1994
    Entity Owned Free & Clear
    Property ID
    US28-5152636
    Property summary
    AI-generated overview

    This exceptional 40-unit Choice hotel presents a lucrative investment opportunity in Arcola, Illinois. Strategically located just off Interstate 57 in eastern Illinois, this two-story property offers significant upside potential for an owner-operator. Currently absentee-owned, the hotel boasts convenient amenities including a breakfast area, an outdoor swimming pool, and in-room microwaves and refrigerators in all guest rooms. On-site living quarters provide added convenience for management. The interior corridor design ensures guest comfort and security. The asking price for this established hotel is $1,800,000. This property is situated at 610 E Springfield Rd, Arcola, IL 61910, within Douglas County. Its prime location near a major interstate offers excellent accessibility and visibility, attracting a steady stream of travelers. The existing infrastructure and amenities provide a solid foundation for immediate revenue generation, while the absentee ownership structure presents a clear path for an owner-operator to enhance profitability through active management and operational improvements. This represents a rare chance to acquire a well-positioned hotel with substantial growth potential in a desirable market. Don't miss this opportunity to capitalize on the strong demand for hospitality services in this area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1994
    Total area 19,056 SF
    Lot 0.96 ac (41,643 SF)
    APN 01-14-10-100-00900
    UPID US28-5152636
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Quality Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.21M
    Owner & transaction history
    ENTERTAIN INC
    ENTERTAIN INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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