1326 IL Route 2

Hospitality for Sale
Catylist Listing ID: 30750809
Property Subtypes: Motel
Number of Units: 12 Units
Building Size (RSF): 5,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $525,000
Unit Price: $43,750 Per Unit
Property Use Type: Business
Name of Establishment: Chateau Lodge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

TURN KEY MOTEL! Opportunity knocks with your chance to own "The Chateau Lodge" a 12 room motel located just outside of Historic Oregon with views of Blackhawk Statue and the Rock River! With great reviews and many repeat customers, this tourism staple boasts an excellent occupancy rate and is turn key for the next operator. Each room has electric baseboard heat, window unit air conditioning, refrigerator and full bathroom with tub. The property also includes a 2 bedroom apartment with updated kitchen and full bathroom. There is a laundry room and janitorial space with two washer and dryers for taking care of guest linens. Many updates including: roof, hot water heater, furnace & exterior maintenance. You have to see to believe how well this property is managed and cared for!

Additional Details

Nearest MSA: Rochelle
County: Ogle
Tax ID/APN: 09-33-401-012
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: IL Route 2
Highway Access: State Hwy IL-2
Total Number of Buildings: 1
Number of Stories: 1
Construction/Siding: Wood Frame
Total Parking Spaces: 19
Parking Type: Surface
Heat Type: Electricity
Air Conditioning: Window Unit
Zoning Description: Commercial B2
Sewer Type: Septic
Land Ownership: Owned
Legal Description: Per Title

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 763 4,119 9,003
Median Age: 48.14 43.3 44.41
Households: 346 1,794 3,725

Contact

Photograph of Listing Agent

Rebecca Hazzard

RE/MAX of Rock Valley
CMCPEX Member
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