1150 E Linn St, Canton, IL 61520 For Sale

***HOTEL INCLUDES OFFICE SPACE RENTALS***

Grand Heritage Inn Canton Illinois at 1150 E Linn St, Canton, IL 61520 offers a compelling hospitality investment opportunity in the heart of Central Illinois. This 41-room hotel features approximately 20,000 SF across a two-story layout on a generous 4.77-acre site, delivering scale, visibility, and operational flexibility for investors seeking an established lodging asset. Built in 1998, the property presents a welcoming exterior, spacious lobby, front desk/reception area, and comfortable guest rooms with updated, modern appeal. Ample on-site parking and a strong parking ratio further support guest convenience and day-to-day operations. Offered at $1,899,999, this asset equates to approximately $46,341 per key and $95.00 PSF, positioning it as an attractive value-add or owner-operator opportunity. The surrounding Canton market is supported by solid area demographics, with a 5-mile population of 15,143 and average household income exceeding $80,000. With its sizable land parcel, established hotel configuration, and accessible Canton location, this property is well suited for investors looking to acquire a branded or independent hospitality asset with upside potential.