Listed by Coldwell Banker Commercial NRT Chicago
$1,251,000
Americas Best Value Inn
Details
Property Type Business for Sale
Sub Type Business and Building
Square Footage 15,000
Units 1
Occupancy 67%
Pro-Forma Cap Rate 11.99%
Pro-Forma NOI $150,000
Price per SqFt $83
Class A
Year Built 1996
Acreage 2.37 - 2.95
Zoning C-3
Parking Spaces 40 spaces
Parking per 1,000 SqFt 2.67
Investment Type Owner/User
Ground Lease No
2 Story Interior corridor near highway into busy employment generated town
Marketing description
Near large Metropolitan City, Chicago's Large suburbs in state of Illinois, Interior Corridor Hotel / Motel with living apartment, near highway, convenient location. Stable clientele, central location for convenience near larger suburbs for shopping. Open for more options and Opportunities.
Updated rooms.
Investment highlights
- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Spacious & renovated 2-bedroom Manager's Suite on-site.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer.
- Despite recent slowdown throughout most markets, the hotel boasts proven financials and presents a going-in 11.7% CAP Rate based on 2025 NOI.
- Financial Performance:
Listing Contacts
Listed by Coldwell Banker Commercial NRT Chicago
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