I-70 Motel

Vandalia, IL (Fayette County)

I-70 Motel
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Asking Price: $625,000

Cash Flow: N/A

Gross Revenue: N/A

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I-70 Motel

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Business Description

At Illiana Properties we are excited to offer this two story motel. This motel is conveniently located near the intersection of I-70 and US Route 51. It is a two story, outdoor corridor, with 44 rentable rooms and a very nice Manager’s apartment on the second floor. Illiana Properties consummated the transaction in which the current owner purchased this property about two and a half years ago, so we are familiar with the history, financing, maintenance, renovation, etc.

The large oil-tank farm and corresponding pipeline work at Patoka, IL continues to be the primary generator of business for this property. The price of oil and the increase in production in the U.S. will manifest itself with more capital spending and infrastructure build-out in Southern Illinois.

Vandalia is a complete community with Interstate access, less than one hour from St. Louis.

Detailed Information

Location:
Vandalia, IL
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John Brooks, Broker

Business Listed By:
John Brooks

Illiana Properties

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