101 E Ashland St - Hospitality FOR SALE


Morton, IL 61550
$2,490,000 USD
331-308-4656
101 E Ashland St, Morton, IL for Sale
$2,490,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

101 E Ashland St
Morton, IL 61550


HIGHLIGHTS

  • New Paint Exterior and Interior
  • New 55 inch TV in all room
  • New RFID lock in all room
  • New Manager Apartment onsite
  • New Manager Office
  • New Ice Machine, New Guest Laundry, New Vending Machine

OVERVIEW

INVESTMENT HIGHLIGHTS Morton is located at the intersection of Interstates I-74 and I-155, with easy access to major cities and the Illinois state capital. This prime location — just 10 minutes from Peoria, 30 minutes from Bloomington-Normal, 50 minutes from Springfield and three hours from Chicago and St. Louis — gives Morton the benefits of city living without the inconveniences. Peoria, a city of 100,000, offers major shopping centers, specialized medical care, and access to fine arts presentations, professional sports events and higher education opportunities. Two airports serve Morton. Just 12 miles away is the Wayne H. Downing Peoria International Airport, with flights daily to faraway places, with jet and turboprop commuter service, and car rental services. In nearby Bloomington-Normal are the Central Illinois Regional Airport and the Amtrak Railroad Station. Hotel is centrally located off I-74 Exit 102 Near Peoria, offering convenient access to major demand generators including OSF Saint Francis Medical Center, UnityPoint Heal. As the ideal place for Autumn tourism and visitors, Morton is known as the Pumpkin Capital of the World because 85% of the world's canned pumpkin is packed in the Nestles/Libby's plant located in the center of our Village. Additional demand supported by corporate travelers, medical professionals, and visitors tied to local manufacturing and agricultural industries. The hotel features a mix of interior and exterior corridor rooms and includes a complimentary breakfast, a fitness center, business center, meeting. Property draws consistent business from Bradley University, Peoria Civic Center, and leisure attractions such as the Peoria Riverfront and Dozer Park. The hotel has demonstrated consistent performance supported by a diverse demand base across corporate, medical, education, and leisure segments. Peoria is the largest metropolitan area in Central Illinois and serves as a regional healthcare and business hub, with strong long-term fundamentals.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$272 USD /SF

# OF ROOMS

48

PRICE/ROOM

$51,875 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Morton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,075 SF

ZONING

B3

APN/PARCEL ID

06-06-17-201-013

ASK ABOUT THIS PROPERTY

Tejas PanchaniDays InnMore Info
331-308-4656

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Tejas PanchaniDays InnMore Info
331-308-4656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.