610 Springfield Rd, Arcola, IL 61910-1803
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.
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Quality Inn Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.