Quality Inn Macomb | 1646 N Lafayette St
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Quality Inn Macomb 1646 N Lafayette St
58 Room Hotel Macomb, IL 61455 £1,644,930 (£28,361/Room) 8.81% Net Initial Yield
Investment Highlights
- Great investment opportunity.
- Fully upgraded property
- Highway Visibility on Lafayette St
Executive Summary
Location Highlights:
Lafayette, Illinois, is a village located in Stark County. While it may not be a large urban center, smaller communities often have their own charm and unique attractions. Keep in mind that the availability of attractions can change, so it's a good idea to check for the latest information. Here are some general suggestions for things to do in or around Lafayette, Illinois:
Outdoor Exploration:
Explore local parks or natural areas for hiking, picnics, or nature walks.
Check if there are any nearby rivers, lakes, or fishing spots for outdoor activities.
Local Events and Festivals:
Attend local events, fairs, or festivals that may be happening in the area.
Community gatherings often provide a great opportunity to meet locals and experience the local culture.
Historical Sites:
Look for historical sites or landmarks that showcase the area's history.
Local museums or historical societies may offer insights into the region's past.
Farmers Markets:
Explore local farmers' markets for fresh produce, handmade crafts, and a taste of the local community.
Photography Opportunities:
Capture the beauty of the countryside and small-town life through photography.
Scenic spots like rolling hills or historical buildings might provide great photo opportunities.
Local Eateries:
Visit local restaurants or cafes to experience regional cuisine.
Small towns often have hidden gems with unique and delicious offerings.
Artisan Shops:
Check out any artisan or craft shops that may feature handmade goods from local artists.
Community Events:
Attend local community events such as town meetings, fundraisers, or social gatherings.
Stark County Courthouse:
If applicable, visit the Stark County Courthouse, which may have historical or architectural significance.
Community Parks:
Spend time in community parks, if available, for outdoor activities or relaxation.
Remember that the charm of smaller towns often lies in their simplicity and community spirit. If you have any specific interests or if there are upcoming events in Lafayette, reaching out to local community centers or residents can provide additional insights into local attractions and activities.
Lafayette, Illinois, is a village located in Stark County. While it may not be a large urban center, smaller communities often have their own charm and unique attractions. Keep in mind that the availability of attractions can change, so it's a good idea to check for the latest information. Here are some general suggestions for things to do in or around Lafayette, Illinois:
Outdoor Exploration:
Explore local parks or natural areas for hiking, picnics, or nature walks.
Check if there are any nearby rivers, lakes, or fishing spots for outdoor activities.
Local Events and Festivals:
Attend local events, fairs, or festivals that may be happening in the area.
Community gatherings often provide a great opportunity to meet locals and experience the local culture.
Historical Sites:
Look for historical sites or landmarks that showcase the area's history.
Local museums or historical societies may offer insights into the region's past.
Farmers Markets:
Explore local farmers' markets for fresh produce, handmade crafts, and a taste of the local community.
Photography Opportunities:
Capture the beauty of the countryside and small-town life through photography.
Scenic spots like rolling hills or historical buildings might provide great photo opportunities.
Local Eateries:
Visit local restaurants or cafes to experience regional cuisine.
Small towns often have hidden gems with unique and delicious offerings.
Artisan Shops:
Check out any artisan or craft shops that may feature handmade goods from local artists.
Community Events:
Attend local community events such as town meetings, fundraisers, or social gatherings.
Stark County Courthouse:
If applicable, visit the Stark County Courthouse, which may have historical or architectural significance.
Community Parks:
Spend time in community parks, if available, for outdoor activities or relaxation.
Remember that the charm of smaller towns often lies in their simplicity and community spirit. If you have any specific interests or if there are upcoming events in Lafayette, reaching out to local community centers or residents can provide additional insights into local attractions and activities.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,644,930 | Lot Size | 4.08 AC |
| Price Per Room | £28,361 | Building Size | 36,234 SF |
| Sale Type | Investment | No. Rooms | 58 |
| Net Initial Yield | 8.81% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1995/2021 |
| Property Subtype | Hotel | Parking Ratio | 1.35/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | £1,644,930 |
| Price Per Room | £28,361 |
| Sale Type | Investment |
| Net Initial Yield | 8.81% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.08 AC |
| Building Size | 36,234 SF |
| No. Rooms | 58 |
| Number of Floors | 2 |
| Year Built/Renovated | 1995/2021 |
| Parking Ratio | 1.35/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Bed & Breakfast
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | £97.13 | - |
| Guest Room | 55 | £73.63 | - |
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PROPERTY TAXES
| Parcel Number | 11-101-590-00 | Total Assessment | £225,635 |
| Land Assessment | £10,277 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £215,358 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-101-590-00
Land Assessment
£10,277
Improvements Assessment
£215,358
Total Assessment
£225,635
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | B (HOSPITALITY.) |
| B (HOSPITALITY.) |
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Quality Inn Macomb | 1646 N Lafayette St
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