Independent Motel for sale (price reduced to sale)

Madison County, IL

Seller Financing Available
Exterior corridor
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Asking Price: $575,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $700,000

Established: 2000

Independent Motel for sale (price reduced to sale)

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Business Description

Independent motel for sale. Seller is retiring.

Total Rooms-34
Rentable rooms- 30

Amazing deal! Seller has owned this motel since 2000 ( almost 20 years). Seller wants to retire.

The property is only 15 min drive from ST.Louis downtown, one of the big oil refinery, Southern Illinois University at Edwardsville, Amazon warehouses, and US steel mill is near in town. A lot of new warehouses are coming in near future which employs a lot of people and area is growing rapidly. Owner is very selective on renting to customers but new buyer can do more business by renting to people with pets.

Well- constructed building block and brick property. Exterior corridor.

Motel was appraised for $585,000 in 2002. Since then there has been a lot updates and renovations done to the property.

If interested please call Doc Patel 618-593-1756
Thank you

Detailed Information

Location:
Madison County, IL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3
Facilities:
Independent motel for sale
Financing:
Seller will finance for interested and motivated buyer for 50% down.
Support & Training:
Seller will provide training
Reason for Selling:
Seller is retiring
Contact Seller

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Business Listed By:
Doc patel

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