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Hotel-Motel

Super 8 El Paso

25 Linco Dr, El Paso, IL 61738

Listing Price: $800,000

Cap Rate
6.69%
Number of Rooms
50
RevPAR
$11
Gross SF
112,385
Price/Room
$16,000
Price/Gross SF
$7.12
Year Built
1990

Investment Overview

The Super 8 El Paso is conveniently located just off Interstate 39 and is approximately 30 minutes from both Bloomington and Peoria a city of 84,000 and 113,000 population. The property is just minutes from Illinois State University. Other points of interest include the El Paso Antique Mall, El Paso Golf Club, Fairlakes Golf Club and Comlara Park. The property also has strong demand from nearby Eureka College, Advocate Eureka Hospital, Mackinaw Valley Vineyard and Redbird Arena.

Investment Highlights

  • 50 room, 3 story, interior corridor property with an elevator being offered at $800,000 or $16,000 per key.
  • Expanded in 2000 with renovations completed in 2018 and prior.
  • Upon transfer of the property PIP will be minimal estimated around $100,000.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $800,000

Cap Rate
6.69%
Number of Rooms
50
RevPAR
$11
Gross SF
112,385
Price/Room
$16,000
Price/Gross SF
$7.12
Year Built
1990

Investment Highlights

  • 50 room, 3 story, interior corridor property with an elevator being offered at $800,000 or $16,000 per key.
  • Expanded in 2000 with renovations completed in 2018 and prior.
  • Upon transfer of the property PIP will be minimal estimated around $100,000.

Investment Overview

The Super 8 El Paso is conveniently located just off Interstate 39 and is approximately 30 minutes from both Bloomington and Peoria a city of 84,000 and 113,000 population. The property is just minutes from Illinois State University. Other points of interest include the El Paso Antique Mall, El Paso Golf Club, Fairlakes Golf Club and Comlara Park. The property also has strong demand from nearby Eureka College, Advocate Eureka Hospital, Mackinaw Valley Vineyard and Redbird Arena.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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