Contacts
Brent Clemens
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 39,960 SF
- Units 69
- Lot Size 1.67 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 76
- Year Built 2007
- Year Renovated 2015
- Date Updated Nov 4, 2024
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Highlights
- Fee simple interest in the 69-room Holiday Inn Express & Suites in Jacksonville, Illinois
- The asset will be available for purchase in the January 22nd auction event via RI Marketplace
- Offered for sale as part of an eight-property (8) portfolio, with all properties being sold individually
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Property is offered unencumbered by management and debt and at a significant discount to replacement cost
- Property is readily accessible via Interstate 72, with 14,000 vehicles passing the location daily
- Proximate to Lake Jacksonville and scenic area parks – focal points for outdoor enthusiasts, fishing, and boating
- Conveniently located less than 45 minutes from Springfield, the state capital city of Illinois, this facility offers overflow lodging for events and activities in Springfield while providing more affordable accommodations
- Educational demand is fueled by Illinois College, one of the state’s oldest higher learning institutions, and the Illinois School for the Deaf and the Illinois School for the Visually Impaired, all of which are located within five miles of the hotel
- Diverse set of local corporate demand includes the Passavant Area Hospital, Jacksonville School District, Jacksonville Correction Facility, and industrial and agricultural firms like Nestlé and Reynolds
- Deep historical roots connected to the Underground Railroad and prominent 19th-century figures, including Stephen Douglas and Ulysses S. Grant
- Leisure demand is tied to architecture and culture, with stunning historic homes and sites like the Governor Duncan Mansion and the Jacksonville Theatre Guild
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Jacksonville, IL
- Neighborhood South Jacksonville
- Zip Code 62650
Points of Interest
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Clark
0.09 miles
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Love's
0.16 miles
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Circle K
2.19 miles
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Shell
2.20 miles
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Fast Stop
3.10 miles
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Conoco
3.70 miles
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Holiday Inn Express Jacksonville
0.01 miles
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Quality Inn South Jacksonville
0.08 miles
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Baymont Inn & Suites Jacksonville
0.27 miles
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Super 8
2.25 miles
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Blackhawk Village Inn and Lodge
2.48 miles
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Country Hearth Inn & Suites
2.59 miles
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Hampton
2.63 miles
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Star Lite Motel
3.00 miles
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JCPenney
2.05 miles
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ALDI
2.16 miles
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Hy-Vee
2.33 miles
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Walmart Supercenter
2.89 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Brent Clemens
Alchemy Real Estate Advisors (AREA)