Catylist ID:
#30709410
| Catylist Listing ID: | 30709410 |
| Property Subtypes: | Hotel, Motel |
| Number of Units: | 75 Units |
| Building Size (RSF): | See Agent |
| Gross Building Area: | See Agent |
| Gross Land Area: | 5 Acres |
| Sale Price: | $2,750,000 |
| Unit Price: | $36,666.67 Per Unit |
| Property Use Type: | Investment, Business |
| Name of Establishment: | Days Inn |
| Franchised Business: | Yes |
| Franchise Parent Name: | Wyndham |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/24/2021 |
Overview / Comments
|
LOCATION !!LOCATION!! LOCATION!!! Located 1 miles from Interstate 88, this Rock Falls, Illinois hotel serves a daily continental breakfast and has an on-site restaurant. Each guest room is equipped with free Wi-Fi. This 75 units is a 2 story motel with indoor corridor. Renovations and improvements has already been completed in 2018 with no PIP upon transfer. Cable TV is included in every room. Guests can enjoy the convenience of an in-room microwave and fridge. An indoor pool and a fitness center and business center are also available. American Bar and Grill is located on site and serves traditional cuisine for lunch and dinner. Guests can relax with a cocktail or beer from the bar. Gaming Parlor is located on the premise for guests enjoyment The motel is sitting between Quad cities and NIU Dekalb Illinois. Big Banquet Hall rentals for weddings , parties and convention are available which adds to the total revenue of the motel Rock River Country Club can be reached in 7 minutes’ drive. The Ronald Reagan Boyhood Home National Historic Site is 15 miles away. |
Additional Details
| Nearest MSA: | Sterling |
| County: | Whiteside |
| Tax ID/APN: | 1134302005 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: | LOCATED ON HIGH TRAVELLED INTERSTATE 88 BETWEEN DEKALB AND QUAD CITIES. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | 1st Avenue |
| Highway Access: | INTERSTATE 88 ABOUT 2 BLOCKS FROM THE PROPERTY |
| Airports: | DEKALB REGIONAL AIRPORT ABOUT 30 MINUTES AWAY |
| Area Description: | ADJOINING TWIN CITIES ROCK FALLS AND STERLING FOLLOWED BY DIXON IN CLOSE PROXIMITY. |
| Nearby Attractions: | BIRTH PLACE OF PRESIDENT RONALD REGAN . BOYHOOD HOME OF THE PRESIDENT |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Excellent |
| Year Renovated: | 2018 |
| Roof Type: | Arched |
| Construction/Siding: | Brick |
| Average Occupancy Rate: | 60 |
| Water Recreation: | Indoor Pool |
| Parking Type: | Surface |
| Parking Description: | AMPLE PARKING FOR REGULAR CARS AND LARGE VEHICLES |
| Laundry: | Shared |
| Heat Type: | Electricity, Natural Gas, Hot Water |
| Heat Source: | Central |
| Internet Access: | Cable, DSL, Satellite |
| Interior Description: | NEW CARPET INSTALLED 2018 AND OTHER IMPROVEMENTS COMPLTED' LIST AVAILABLE UPON REQUEST |
| Water Service: | Municipal |
| Land Ownership: | OWNED |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,332 | 25,451 | 32,210 |
| Median Age: | 38.61 | 38.34 | 40.17 |
| Households: | 1,810 | 10,198 | 13,125 |
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