221 S MONROE Street, Pittsfield, IL 62363
sale
$400,000
|
Other
Courtesy Of EXP Realty
The Monroe Street Suites is an updated and charming commercial boutique hotel located in Pittsfield, Illinois. The sale will include everything needed to continue business as usual, ensuring quick income for the new owner. The current owners have completely updated the hotel's aesthetic, transforming it into a chic, intimate atmosphere. The building consists of 6 units, mixing and matching bed sizes for all types of guests. EV chargers are in the process of being installed, adding additional income in the future. Other recent updates include a new roof in 2023, a new HVAC roof unit in 2023, all new interior and exterior paint in 2025, all new custom-made beds in 2025, new mattresses and pillows in 2025, new ceiling tiles and light fixtures in 2025, and new metal on the back patio closets in 2025. The business currently offers its clients free parking and wireless internet. Each unit consists of 1 or 2 beds, a TV, extra seating, mini-refrigerator, full bathroom, hair dryer, iron/ironing board, and more. Guests can also enjoy a small common area as well as a larger back patio. The business already has an established clientele which continues to grow in recent years. All inventory, the business, all systems in place, the building, and land convey with the sale making it a truly convenient investment for someone looking to add to their hospitality portfolio or someone new who is looking for something small to start out with. Don't miss out on this amazing business opportunity!
Read More About This Property
Read Less About This Property
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Block
- Floor Covering: Tile
- Floors: 1
- Heating System: Forced Air
- MLSID: CA1041417
- Roof Type: Membrane
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
