312-248-9716
1416 Broadway Ave E, Mattoon, IL for Sale
Hospitality - FOR SALE
1/8
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1416 Broadway Ave E
Mattoon, IL 61938


HIGHLIGHTS

  • Positioned on Broadway Ave E, a well-traveled route in Mattoon, ensuring strong exposure.
  • Near restaurants, shopping centers, and residential neighborhoods for easy customer access.
  • On-site parking available for customers and staff.

OVERVIEW

Opportunity Fee-simple interest in the absentee owned 60-room Best Western Mattoon, IL Offered at a significant discount to replacement cost Eligible for Best Western auto transfer with no PIP requirements or additional membership fees Ability to retain the Best Western flag for a new long-term membership agreement, subject to completion of the PIP and membership approval Opportunity to better penetrate the comp set and reposition the asset upon implementation of hands-on ownership structure Location Ideally located adjacent to the newly developed Emeral Acres Sports Complex and fifteen minutes from Eastern Illinois University Proximate to major corporate demand, including Rural King Headquarters, Consolidated Communications, and First Mid Bank & Trust Easily accessible to area leisure demand, including Lake Mattoon, Lincoln Log Cabin State Historic Site, and Mattoon Golf & Country Club Situated near the 129-bed Sarah Bush Lincoln Health Center, a leading regional hospital and major demand driver Market Developments Emerald Acres Sports Connection – A recently opened $150 million indoor/outdoor sports complex featuring multi-purpose fields, courts, and amenities. The development is expected to generate significant visitor traffic, driving thousands of additional room nights annually as further phases of expansion are completed

FOR SALE DETAILS

PRICE

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# OF ROOMS

60

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Heartland Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C

APN/PARCEL ID

06-0-04657-000,06-0-04658-000

ASK ABOUT THIS PROPERTY

Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

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Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

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