Holiday Inn Express & Suites Mattoon IL

121 Swords Drive, Mattoon, IL 61938

  • For Sale Auction Sale
  • Property Type Other
  • Property Size 39,960 SF
  • Units 69
  • Lot Size 1.95 Acre
  • Additional Rent Contact for pricing
  • Year Built 2008
  • Date Updated Nov 4, 2024
The Holiday Inn Express & Suites sits at 121 Swords Drive in Mattoon, IL, with easy access to Interstate 57, a major transportation corridor for the region. This location places guests close to Rural King Supply, a farm supply retailer headquartered in Mattoon with 135 stores across 13 states, and Sarah Bush Lincoln Health Center, a key regional healthcare provider. Eastern Illinois University and Lake Land College, with a combined enrollment of about 12,000 students, are just minutes from the hotel. Mattoon also hosts Bagelfest, a festival celebrating the town’s legacy as the birthplace of Lender’s Bagels, attracting locals and tourists. Located in central Illinois, Mattoon lies roughly halfway between St. Louis, Missouri, and Indianapolis, Indiana, about 180 miles south of Chicago and 130 miles northeast of St. Louis. Major roads serve the town, including I-57, which runs north-south and connects Mattoon to larger cities, and U.S. Route 45, which runs through the city. Nearby U.S. Route 16 offers additional access to neighboring towns and Charleston.Alchemy Real Estate Advisors, in conjunction with RI Marketplace, is pleased to offer, on an exclusive basis, the opportunity to acquire the fee simple interest in the 69-room Holiday Inn Express & Suites in Mattoon, Illinois. The Property is offered for sale as part of an eight (8) property portfolio across five (5) states in Illinois, Iowa, Kansas, Missouri, and Oklahoma. All properties will be sold individually in the December 12th Auction Event through RealInsight Marketplace. The eight properties include: Holiday Inn Express & Suites: Jacksonville, Illinois Holiday Inn Express & Suites: Mattoon, Illinois Holiday Inn Express & Suites: Dubuque, Iowa Holiday Inn Express & Suites: Emporia, Kansas Holiday Inn Express & Suites: Nevada, Missouri Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma Hampton Inn: Chickasha (OKC MSA), Oklahoma

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Highlights

  • Fee simple interest in the 69-room Holiday Inn Express & Suites in Mattoon, 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
  • Ideally well-located off I-57, a major interstate providing easy access for travelers between Chicago and Southern Illinois, with an average daily traffic of approximately 20,000 vehicles passing the hotel each day
  • Mattoon's major demand generators include a blend of educational, agricultural, and healthcare sectors
  • Education demand is driven by the proximity to Eastern Illinois University (8 miles) and Lake Land College (6 miles), which have an aggregate enrollment of approximately 12,000 students
  • Rural King Supply, a farm supply store with 135 stores across 13 states, is headquartered in Mattoon and employs several thousand people across the region
  • Sarah Bush Lincoln Health Center, a major healthcare provider in the region, along with RR Donnelley and Consolidated Communications, provides added diversity among major employers within the area
  • Leisure demand offers many outdoor recreation opportunities within Lake Mattoon, Douglas-Hart Nature Center, and Lytle Park
  • Several annual events, including Bagelfest (claiming to be the “Bagel Capital of the World”), provide a balanced blend of local history and family-friendly activities

Contacts

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)

Location

Getting Around

  • Walk Score ®

    43/100 Car-Dependent

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Mattoon, IL
  • Zip Code 61938

Points of Interest

  • Pacific 66

    0.19 miles

  • Murphy USA

    0.23 miles

  • Citgo

    1.50 miles

  • Huck's Food & Fuel

    1.52 miles

  • BP

    1.94 miles

  • Marathon

    2.53 miles

  • Moto Mart

    2.59 miles

  • Casey's

    2.82 miles

  • Parking Lot A

    5.09 miles

  • Parking Lot C

    5.20 miles

  • Parking Lot B

    5.21 miles

  • Parking Lot F

    5.27 miles

  • Parking Lot D

    5.30 miles

  • Parking Lot E

    5.32 miles

  • J Lot

    8.08 miles

  • W-Lot

    8.24 miles

  • E-Lot

    8.27 miles

  • EIU X-Lot - Visitor Parking

    8.48 miles

  • Holiday Inn Express Hotel & Suites

    0.00 miles

  • Super 8

    0.37 miles

  • Hampton

    0.41 miles

  • Clarion Pointe

    0.43 miles

  • Comfort Inn

    0.46 miles

  • Suite Dreams Hotel

    0.73 miles

  • Hilton Garden Inn Mattoon

    1.22 miles

  • US Grant Motel

    2.57 miles

  • Days Inn by Wyndham Charleston

    7.41 miles

  • Taco Bell

    0.05 miles

  • Cracker Barrel

    0.10 miles

  • Buffalo Wild Wings

    0.15 miles

  • Freddy's

    0.16 miles

  • Stadium Grill

    0.18 miles

  • Wendy's

    0.20 miles

  • McDonald's

    0.26 miles

  • Cody's Roadhouse

    0.32 miles

  • Steak 'n Shake

    0.38 miles

  • Alamo Steak House

    0.53 miles

  • Franklin Elementary School

    1.72 miles

  • Mattoon Junior High School

    1.79 miles

  • Washington Elementary School

    2.00 miles

  • Saint Mary's School

    2.51 miles

  • Hawthorne Elementary School

    2.82 miles

  • Mattoon High School

    2.93 miles

  • Columbian Elementary School

    3.07 miles

  • Bennett Elementary School

    3.32 miles

  • New Heights Academy

    4.54 miles

  • Lerna Elementary School

    5.23 miles

Frequently Asked Questions

How much does Holiday Inn Express & Suites Mattoon IL cost?

The sale price for Holiday Inn Express & Suites Mattoon IL is available upon request. Contact the listing broker for more information.

What is the total square footage of Holiday Inn Express & Suites Mattoon IL?

Holiday Inn Express & Suites Mattoon IL totals 39,960 square feet.

When was this property built?

Holiday Inn Express & Suites Mattoon IL was built in 2008.

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Contact Listing Broker

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)