720 Gochenour Street

Vandalia, IL 62471 · Jackson Park Add · MLS #6258522

$399,900
Listed 122 days ago
Save
Acres
0.3
Type
CommercialSale
Status
Active

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.

Features

Gas Water HeaterWindow UnitsElectric

Property Details

Price
$399,900
MLS #
6258522
Status
Active
Type
CommercialSale
Subtype
Hotel Motel
Subdivision
Jackson Park Add
Listed Date
May 15, 2026
Lot Size
13,068 sqft / 0.30 acres
Year Built
1975
County
Fayette
Zoning
COM
Parcel Number
18-14-09-303-006

Interior

Above Grade Finished Area
0
Appliances
Gas Water Heater
Cooling
Window Units
Heating
Electric
Levels
Two

Exterior

Stories
2
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$2,801/mo
$2,128 principal & interest$672 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2024
Taxes
$8,068

Market Summary

Current real estate data for CommercialSale in Vandalia as of Sep 14, 2026, from all participating CIBR offices.

CommercialSale Listed
4
Avg Days on Market
185
Avg List Price
$254,700

Location

See this listing

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Listed by KELLER WILLIAMS-TREC · (217) 356-6100. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).