312-261-8441
2200 S Court St, Grayville, IL for Sale
Hospitality - FOR SALE
1/17
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2200 S Court St
Grayville, IL 62844


HIGHLIGHTS

  • Turnkey Investment – 60 fully remodeled rooms, minimizing upfront renovation costs.
  • Prime Location – Situated off I-64, ensuring high visibility and easy access for travelers.
  • Expansive 5.46-Acre Lot – Plenty of space for potential expansion or additional revenue opportunities.
  • Ample Parking – 147 parking spaces, including truck parking potential for added income.
  • Multiple Income Streams – Features a fully functional bar (which can be leased out or operated), an 1,800 sq. ft. building rented for $450/month, and
  • Value-Add Potential – Opportunities for operational improvements, revenue optimization, and further development.

OVERVIEW

COMING TO AUCTION STARTING BID $850,000 BID DATES: APRIL 7TH - APRIL9TH Matthews REIS is pleased to present for sale the Quality Inn in Grayville, IL. The Quality Inn Grayville is a 60-room, 2-story interior corridor hotel built in 1985. It sits on approximately 5.64 expansive acres of land and is situated off of I-64, just 3 miles away from the Indiana border, making it highly accessible for thousands of cross-state travelers. This property offers abundant parking for 147 vehicles, including space for trucks—presenting an opportunity for additional revenue. Amenities include an indoor swimming pool, a conference room, a communal breakfast area, and a fitness center. The fully operational bar can be leased out or managed by the owner for extra income. Additionally, an 1,800-square-foot building on-site is currently rented to a local business for $450 per month. The property also features gaming slot machines, generating an annual revenue of $25,000. Scott Bowers Fisher Auction Company Inc. License: 040000273

FOR SALE DETAILS

PRICE

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# OF ROOMS

60

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Grayville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

147

LAND DETAILS

LAND ACRES

5.46 AC

LAND SF

237,838 SF

ZONING

C

APN/PARCEL ID

05-29-400-005,05-29-400-006

ASK ABOUT THIS PROPERTY

Deep DaveMatthews Real Estate Investment ServicesMore Info
312-261-8441

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Deep DaveMatthews Real Estate Investment ServicesMore Info
312-261-8441

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