1646 N Lafayette St - Hospitality FOR SALE


Macomb, IL 61455
$2,000,000 USD
818-851-3314
1646 N Lafayette St, Macomb, IL for Sale
$2,000,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

1646 N Lafayette St
Macomb, IL 61455


HIGHLIGHTS

  • 57 Room, 2 Story, Interior Corridor Hotel Priced to Sell at 2.85x Room Revenue
  • Room Revenue: $702,000
  • TTM Room Revenue through March 2026: $719,452
  • Located 90 Minutes from Peoria and Springfield, IL, and 3 Hours from Chicago
  • Adjacent to Western Illinois University Campus in Charming College Town. Nearby to Argyle Lake State Park and Several Demand Generators
  • Excellent Condition with Recent Upgrades Completed, Perfect for Owner Operator with Manager's Apartment On-Site

OVERVIEW

This is a 57-unit, interior corridor hotel located in McDonough County, Macomb, Illinois. Centrally located off IL-67 Freeway, between Peoria and Springfield, and just a few miles from Western Illinois University, the hotel offers comfortable accommodations with convenient amenities for all travelers. The hotel is a perfect opportunity for an owner-operator and is priced to sell under 3 times revenue. Recent Improvements include: All Rooms given new paint job in 2025 with new color scheme approved by Choice, interior corridor painted in 2025, installed new RFID locks on guest rooms, (3-year warranty starting November 2025) new LED lights in the parking lot & on the building. New LED fixtures in the hallways, front lobby & breakfast room. Indoor pool updated with new paint job (epoxy premium and quality paint). Installed new HVACS in multiple rooms. (As of March 2026, 40 Rooms and lobby & breakfast rooms have new units) Remaining 18 rooms have units that are efficiently performing in good condition. Macomb is a growing destination, recognized as one of the must-visit cities in Illinois. With diverse attractions such as the university, state parks, Journey Comics, and the National Scenic Byway, there are a number of demand generators despite the smaller market size. The hotel is also conveniently located near several major corporations that offer year-round job opportunities.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$71 USD /SF

# OF ROOMS

58

PRICE/ROOM

$34,483 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Macomb near University Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

C

APN/PARCEL ID

11-101-590-00

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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