Unique Suites Hotel

920 W Lincoln, Charleston, IL

$2,875,000

Price

40,100 sqft

Building Size

3.84 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
40,100 sqft
Lot Area
3.84 acres
Keys
1
Class
C
Year Built
1974
Floors
2
Description

The property lot consists in 3.84 acres with a 40,100 Sq.Ft. The two story non franchised Unique Suites Hotel building was built in 1974. The exterior is a mix of mostly stucco and brick with some stone. The parking lot is predominantly asphalt with areas of concrete poured in the last 5 years. The interior has 77 guest rooms, a beautiful upscale lobby, banquet rooms, restaurant, bar and a fitness room. The building has various areas designated for employee only use which include maid closets on each floor, a central laundry room on the first floor, and a manager's office. Extensive renovations reducing the effective age of the subject and improving the overall condition in 2018.

Brief Legal: Part of the NE 1/4 of the SE 1/4 of Section 16, T12 N, R 9E of the Third PM of Westgate Sub Charleston, IL
Real Estate Taxes 2019: $54,377.82

The subject is located at the frontage corner on RT 16 and Douglas Street. it is less than 5 minutes from Coles County Airport and 7 minutes from I-57 in Coles county in Central Illinois. It is approximately 181 miles south of Chicago, IL and approximately 120 miles Northeast of St. Louis, MO. Indianapolis, IN is approximately 150 miles east of Charleston. The area has an excellent potential to increase revenues with growing attendance projected to 9,000 students attending Easter Illinois University which drives room demand to the region.


1974

Highlights
  • 40,100 Sq.Ft. Unique Suites Hotel Building
  • 77 Rooms, Exterior Corridor
  • Excellent Location With Visibility on RT. 16
  • Less Than 5 Minutes From Coles County Airport and 7 Minutes from I-57
  • Hotel Extensive Renovations & Improvements Completed In 2018
Documents
Location
Gallery