Commercial Property for Sale in Grayville Illinois 62844
2200 S Court St, Grayville, Illinois 62844
$2,900,000
$47 / sq ft Listed Dec 23, 2025
61,583 sqft
Building
3 acres
Lot
1986
Built
1
Stories
60
Units
Class B
Class
About this property
Commercial Property for Sale in Grayville Illinois 62844 is a lodging and hospitality for sale in Grayville, Illinois, listed at $2,900,000. Key details: year built 1986, building size 61,583 sqft, lot size 3 acres, stories 1. Listed by Timothy Takao of Amber Hotel Company on LoopingCloud and last updated December 23, 2025.
60-Unit Hotel in Grayville, IL: Turnkey Condition with Immediate Upside
Acquire this well-maintained, 60-unit, two-story, interior-corridor hotel ideally situated in Grayville, IL (White County), offering exceptional regional access to Interstate 64 and positioned midway between Louisville and St. Louis, just three miles from Indiana.
Value-Add Opportunities: This hotel is primed for a new operator to significantly boost revenue by reopening currently closed amenities: the bar, swimming pool, and restaurant. Additionally, empty on-site rooms could easily be converted into a large 4-5 room manager's apartment.
Key Features & Condition:
-
Excellent Condition: Solid concrete build; all guest rooms were updated in 2019, with only minimal updates remaining.
-
Existing Revenue Streams: Includes a casino room with gaming machines generating approximately $25,000 annually, plus income from dedicated truck and RV parking.
-
Amenities: Currently offers a fitness center, continental breakfast area, and laundry facilities.
-
Location Drivers: Located in an area historically driven by oil and gas, now diversifying into renewable energy (wind/solar) and advanced manufacturing, promising new employment and demand.
This property offers a high-quality physical asset and immediate operational upside in a strategically positioned location.
Key highlights
- rice Per Room $48,333
- Zoning C - Commercial
- Corridor Interior
- Fitness Center, Restaurant, On-Site Bar
- ROOM MIX INFORMATION:
- Parking Ratio 0.97/1,000 SF
- Year Built/Renovated 1986/2009
- 60 Rooms
- Interior Corridor Hotel
- Direct Access to Interstate 64
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1986
- Building Size
- 61,583 sqft
- Lot Size
- 3 acres
- Stories
- 1
- Total Units
- 60
- Building Class
- Class B
- Heating & Cooling
- Heating and Cooling
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$47
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,900,000 | - | - | - | - |
Features and amenities
Property Features
- rice Per Room $48,333
- Zoning: C - Commercial
- Corridor: Interior
- Fitness Center, Restaurant, On-Site Bar
- ROOM MIX INFORMATION:
- DESCRIPTION: Suite - No. ROOMS: 5 - DAILY RATE: $129
- DESCRIPTION: Guest Rooms - No. ROOMS: 55 - DAILY RATE: $97
- Parking Ratio: 0.97/1,000 SF
- Year Built/Renovated: 1986/2009
Highlights
- 60 Rooms
- Interior Corridor Hotel
- Bar, Swimming Pool, and Restaurant are All Closed, Upside Opportunity for Experienced Hotelier
- Direct Access to Interstate 64
- Located Midway between Louisville and St. Louis and 3 Miles from Indiana Border
- Profitable Despite Hands-Off Ownership, Net Income in 2024 was $368,369.45 which is a Cap Rate of 12.7%
- 2024 Total Revenue: $895,216 which is a 3.2x Multiplier
- 2022 Total Revenue: $1,249,534
- 2021 Total Revenue: $1,110,291
- Seller Financing May be Available to Qualified Buyer with 20% Down
Location
Address as shown by the lister.
Get directionsAbout this area - Grayville
- Population
- 2,238
- Housing units
- 1,044
- Land area
- 38.6 sq mi
- County
- White
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Grayville Illinois 62844?
Commercial Property for Sale in Grayville Illinois 62844 is listed at $2,900,000. That works out to about $47 per square foot.
Where is Commercial Property for Sale in Grayville Illinois 62844 located?
The property is in 2200 S Court St, Grayville, Illinois 62844, White County.
What type of property is this?
This is a lodging and hospitality for sale in the commercial category.
How big is the property?
The building is 61,583 sqft. The lot is 3 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Timothy Takao of Amber Hotel Company listed this property. Use the Request Info button to send a message or call (818) 851-3300.
When was this listing published?
It was published on December 23, 2025 and last updated on December 23, 2025.
Listing information
- Listing ID
- CL-Illinois-27178
- Published
- Dec 23, 2025
- Last updated
- Dec 23, 2025
- Views
- 223
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
More from Timothy Takao
$5,500,000
Commercial Property for Sale in Oklahoma City Oklahoma 73112
Oklahoma City, Oklahoma
Soft Offer
Similar properties
$5,500,000
Commercial
Nov 3, 2026
6813 sqft
Lodging and Hospitality
Motel
San Juan Motel for Sale | Prime Little Havana Prime Commercial Real Estate Miami
2390 SW 8th Street and 835 SW 24th Avenue Miami, Florida 33135
$1,200,000
Commercial
Oct 21, 2026
8851 sqft
Lodging and Hospitality
Hotel
Royal Inn - 821 W Highland Ave, Albany, GA 31701 | Value-Add Hospitality Property
821 W Highland Ave Albany, Georgia 31701
$2,800,000
Commercial
Aug 11, 2026
5300 sqft
Lodging and Hospitality
Hotel
Adaptive Reuse / Value-Add Hotel Opportunity | 163 Units
2915 Louisiana 14 New Iberia, Louisiana 70560
$3,800,000
Commercial
Jul 31, 2026
Lodging and Hospitality
Hotel
Unique value add Holiday Inn opportunity
1349 E Lowden St Abilene, Texas 79601
