22 Unit Motel Price Reduced Peoria County For Sale

Business description

This 22 unit Motel offers 16 standard rooms, 6 newer efficiency units and a separate 2 unit mini apartment w/individual bedrooms. The Managers quarters offer 2 bdrms, dining and fiving room. Checkin lobby is located in the same building as the managers quarters. The business is located on a 5.3 acre lot with room to expand this business or offer RV travelers or mobile unit parking/storage. This is the only motel with 8 miles and the only nitely, weekly and monthly rates. Lots and lots of opportunity for the owner/occupant. The back two acres could be offered as a separate parcel and managed individually or sold.....estimated value...$50,000.

Owner has authorized a $185,000 PRICE REDUCTION November 13,2009!!!! Don't miss this opportunity for a great buy.

This business is a MUST SEE and the owner will consider partial financing with 25% down. Bank financing available!

Property information

Real Estate:

Real Property Included

Living accommodation:

The Managers quarters offers 2 bdrms, dining and living room WITH a full basement for additional rental or family room accommodations.

Location:

This 22 unit motel is located on a very well traveled 4 lane state highway.....more than 25,000 cars per day.

Size in square feet:

5.3 acres!

Business Operation

Expansion potential:

Lots of room to expand. A small country style restaurant could be added in the front and a small RV park or storage parking could be added on the rear 2 acres. LOTS AND LOTS OF POTENTIAL!

Competition / Market:

No standard motels within 8 miles and no weekly/monthly accommodations within 10 miles

Trading hours:

24 hours, 7 days per week.

Employees:

2 ft

Years established:

35 years

Other information

Support & training:

Owner will support and train as needed.

Financing available:

Owner will assist in finding financing and will consider SOME seller financing!

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)