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221 S Monroe St 6 Room Bed and Breakfast Pittsfield, IL 62363 $553,640 CAD ($92,273 CAD/Room)
Investment Highlights
- Fully updated boutique hotel featuring six uniquely designed units with a mix of bed sizes to accommodate diverse guest needs.
- All guest rooms upgraded in 2025 with custom-made beds, new mattresses, pillows, ceiling tiles, and modern light fixtures for a refreshed aesthetic.
- Guest amenities include free parking, wireless internet, in-room mini-refrigerators, TVs, and access to a common area and spacious back patio.
- Recent capital improvements include a new roof and HVAC unit in 2023, along with complete interior and exterior repainting in 2025.
- Sale includes all business systems, inventory, furnishings, and real estate, allowing for a seamless transition and immediate revenue generation.
- Established and growing clientele base provides a strong foundation for continued success in the hospitality market.
Executive Summary
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. 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!
Property Facts
| Price | $553,640 CAD | Lot Size | 0.17 AC |
| Price Per Room | $92,273 CAD | Building Size | 2,560 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Bed and Breakfast | Year Built/Renovated | 1948/2007 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $553,640 CAD |
| Price Per Room | $92,273 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,560 SF |
| No. Rooms | 6 |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2007 |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 6 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $142,696 CAD | |
| Land Assessment | $10,734 CAD | Total Assessment | $153,429 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,734 CAD
Improvements Assessment
$142,696 CAD
Total Assessment
$153,429 CAD
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221 S Monroe St
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