32 Room Motel - Central Illinois

Peoria, IL (Peoria County)

32 Room Motel - Central Illinois
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Asking Price: $670,000

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32 Room Motel - Central Illinois

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Business Description

This 32 room motel is located in Central Illinois and has had the same owner for about 20 years. The owner just wants to retire. This motel has had many updates. The roof was $57,000 and is about 7 years old. The water softener about two years old and was $11,000. New gutters and soffit. New fire alarm system that was about $15,000. Newer plumbing that is about 7 years old. All the heating and cooling units are about 7 years old. About 20 rooms have new carpet. Hot water heater about 4 years old and it was $7000. Another two tankless hot water heaters were $7000. This place sits on a huge lot and on a very busy road. It is located in a very safe area. Plenty of parking. There is a two bedroom living quarters with a kitchen. Contact Jeff Highfill seven days a week at 309-208-9414.

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Terry Monroe

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Terry Monroe

American Business Brokers

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