3675 6Th StSpringfield, IL 62703

This 80-key Comfort Inn & Suites in Springfield, Illinois, presents a compelling owner/user investment opportunity. Built in 1987 and renovated in 2014, this three-story hotel boasts a 67% occupancy rate as of December 31, 2023, generating a Net Operating Income (NOI) of $390,000. Strategically located off Interstate 55, it offers easy access to Springfield's business district, government offices, and attractions. The hotel features modern amenities including a heated indoor pool and fitness center, attracting both business and leisure travelers. Its location benefits from a growing economy and proximity to a planned 2025 opening of a major sports complex featuring eight outdoor turf fields and a large indoor sports dome, further boosting potential occupancy. The property's consistent occupancy and strong revenue streams provide a stable income, with potential for further revenue growth through strategic rate adjustments and marketing enhancements. Springfield's status as the Illinois state capital ensures a stable and growing economy, creating consistent demand for quality accommodations. This hotel is well-positioned to capitalize on this market potential and deliver substantial returns. The property is offered for sale by owner.