317 S State St - Hospitality FOR SALE


Westville, IL 61883
$350,000 USD
214-402-1802
317 S State St, Westville, IL for Sale
$350,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

317 S State St
Westville, IL 61883


HIGHLIGHTS

  • Convenient State Street location
  • Simple and efficient management structure
  • Potential for operational improvements and increased revenue
  • Independent motel operation

OVERVIEW

Silver Motel | Owner-Operator Hospitality Opportunity 317 S State St, Westville, IL 61883 Opportunity to acquire Silver Motel, an independently operated, single-story motel located along State Street in Westville, Illinois. Built in 1985, this well-positioned hospitality property features 11 guest rooms and offers an excellent opportunity for an owner-operator seeking an affordable entry into the lodging industry. The property's efficient single-story layout provides ease of operation and maintenance while serving travelers, contractors, and visitors to the surrounding area. With on-site management potential and a straightforward operational model, this asset is ideal for hands-on ownership. Owner Financing Available for qualified buyers, creating added flexibility and making this a unique acquisition opportunity. Investment Summary: Property Type: Motel/Hospitality Rooms: 11 Building Style: Single Story Year Built: 1985 Ownership Type: Owner-Operator Silver Motel presents a rare opportunity to own and operate a hospitality property in a stable community setting. Whether expanding an existing lodging portfolio or entering the hospitality sector, this property offers the potential to generate income while benefiting from owner-managed operations.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$101 USD /SF

# OF ROOMS

11

PRICE/ROOM

$31,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

28-08-100-100

ASK ABOUT THIS PROPERTY

Arnav JoshiBeam Real Estate, LLCMore Info
214-402-1802

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Arnav JoshiBeam Real Estate, LLCMore Info
214-402-1802

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