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1908 N Lincoln Ave
Urbana, IL 61801

Howard Johnson by Wyndham Urbana · Hospitality Property For Sale · 35,040 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.93 AC
Building Size 35,040 SF
No. Stories 3
Year Built/Renovated 1995/2024
Parking Ratio 1.14/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

About 1908 N Lincoln Ave , Urbana, IL 61801

Property Overview: The Econo Lodge Urbana is a 65-room, three-story, interior corridor hotel built in 1995. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and a flat-screen television with premium channels. Additionally, some splendid common area amenities the hotel has to offer consist of an indoor pool, fitness center, business center, and dry cleaning services. Location Overview: Urbana, Illinois is a city located in Champaign County in the central region of the state, 90 miles east of Springfield and 140 miles south of Chicago. The Econo Lodge Urbana is superbly positioned on North Lincoln Avenue near Interstate 74. With the city's major employers and popular revenue generators in close proximity to the property, this sought after hotel benefits from many key industries of the town which include educational services, accommodation & food service, and healthcare & social assistance. Carle Foundation Hospital and the University of Illinois at Urbana-Champaign, two of the city's largest employers located approximately 1.5 miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include FedEx Shipping Center (0.9 miles), Christie Clinic (2.2 miles), Kraft Foods (2.9 miles), and Parkland College (4.1 miles). Revenue generators in the area, like Market Place Shopping Center (2.2 miles) and University of Illinois Willard Airport CMI (8.4 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Champaign County Fairgrounds (0.8 miles), Spurlock Museum (1.6 miles), Krannert Art Museum (2.8 miles) and Alto Vineyards Champaign (6.4 miles).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
91-21-05-301-011
Land Assessment
$89,320
Improvements Assessment
$381,270
Total Assessment
$470,590

zoning

Zoning Code B-3
B-3
  • Listing ID: 14052182

  • Date on Market: 10/12/2018

  • Last Updated:

  • Address: 1908 N Lincoln Ave, Urbana, IL 61801

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