Studio 6 Effingham, IL | 1412 W Fayette Ave
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Studio 6 Effingham, IL 1412 W Fayette Ave
39 Room Hotel Effingham, IL 62401 $5,618,720 CAD ($144,070 CAD/Room)
Investment Highlights
- 104 Units with 65 Motel 6 & 39 Studio 6
- TTM Room Revenue July 2024 - $1,766,993
- Available truck parking
- 2023 Room Revenue - $1,237,877
- Effingham located at the crossroads of Interstate 70 and Interstate 57
- Brand new Studio 6 suites to Gemini PIP Standard
Executive Summary
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 & Studio 6 in Effingham, Illinois. The property is well situated off a major exit with high visibility from two signs and consists of two stories with exterior walkways and a well-appointed lobby. With major recent capital expenditures including all new Studio 6 rooms and a thriving market positioned near well-traveled interstates, this is an opportunity for a great hospitality investment.
BOR: Andrew Post | NewGen Advisory IL LLC | IL# 471021750
BOR: Andrew Post | NewGen Advisory IL LLC | IL# 471021750
Property Facts
| Price | $5,618,720 CAD | Building Size | 20,865 SF |
| Price Per Room | $144,070 CAD | No. Rooms | 39 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1977/2018 |
| Property Subtype | Hotel | Parking Ratio | 2.49/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 4.73 AC | Opportunity Zone |
Yes
|
| Price | $5,618,720 CAD |
| Price Per Room | $144,070 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.73 AC |
| Building Size | 20,865 SF |
| No. Rooms | 39 |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2018 |
| Parking Ratio | 2.49/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 39 | $113.78 CAD | - |
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PROPERTY TAXES
| Parcel Number | 0311020100 | Improvements Assessment | $359,470 CAD |
| Land Assessment | $227,105 CAD | Total Assessment | $586,575 CAD |
PROPERTY TAXES
Parcel Number
0311020100
Land Assessment
$227,105 CAD
Improvements Assessment
$359,470 CAD
Total Assessment
$586,575 CAD
zoning
| Zoning Code | B-5 |
| B-5 |
-
Ben Rohlfing -
NewGen Advisory
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Studio 6 Effingham, IL | 1412 W Fayette Ave
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