Motel 6 Litchfield, IL
55 Room Hotel | Litchfield, IL 62056 | $1,999,000 ($36,345/Room)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,999,000
- Property Type
-
Hospitality
- Square Feet
- 22,521 SF
Listing Contacts
Silvestre Madrigal Jr
Verified Profile
- Property Info
Property Overview
Presenting Motel 6 Litchfield, IL! This investment opportunity features a 55-room property located at 211 Ohren Dr in Litchfield, IL. Boasting a 7,507 SF layout on 1.5 acres of land, this motel offers tremendous potential for investors looking to capitalize on a well-established business. Recently renovated in 2023, this property is equipped with 95 parking spaces, providing convenience for guests. The zoning type 0060 allows for various possibilities, making it an attractive asset. With a price of $1,999,000, translating to $36,345 per key, this motel presents an excellent value proposition. Situated in a thriving area, within close proximity to a population of 1,677 in a 1-mile radius, this location offers a median household income of $45,729. Don't miss out on this lucrative investment opportunity at Motel 6 Litchfield, IL - contact us today to learn more!
Property Details
- Class
- C
- Year Built/Renovated
- 1987/2023
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 65,340 SF
- Units
- 55
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