720 Gochenour Street,Vandalia, IL 62471
Vandalia, IL 62471
Description
Strategic opportunity in Vandalia, IL just minutes from I-70. Formerly operated as Jay's Inn, this 21-room all-brick motel offers strong potential for an owner-operator, investor, or hospitality repositioning project. Closed since 2021, the property has remained maintained with power and water continuously on. Guest rooms are notably clean, and the functional layout includes a lobby/check-in area with covered drive-through overhang for guests. Large room on-site could be converted into manager's quarters or extended-stay use. Mechanical systems are highly accessible with a full utility tunnel spanning the building. Included in the sale is a separate frontage road parcel approximately 160x90, creating additional commercial potential for expansion, parking, signage, or future development opportunities. High-visibility location near I-70 with strong value-add upside in a well-traveled corridor.
Details
| MLS # | 6258522 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 118 |
| Listing Provided By | KELLER WILLIAMS-TREC | Blake McWilliams |
Features
| Story(s) | 2 |
|---|---|
| Zoning | COM |
| Acreage | 0.30 |
Taxes
| Tax Annual Amount | 8068 |
|---|
Area Information
| State | IL |
|---|---|
| County | Fayette |
| City | Vandalia |
| Zip Code | 62471 |
| Community Name | Jackson Park Add |
| Listing VS Median (in Jackson Park Add) | |
Price: $399,900 low | high Med: $0 On site: 118 low | high Med: | |
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Learn More About This Property
| State | IL |
|---|---|
| County | Fayette |
| City | Vandalia |
| Zip Code | 62471 |
| Community Name | Jackson Park Add |
| Listing VS Median (in Jackson Park Add) | |
Price: $399,900 low | high Med: $0 On site: 118 low | high Med: | |
