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529 S 4TH Street

Springfield, IL 62701
  • $1,350,000
  • STATUS: Active
  • ON SITE: 917 Days
  • ID#: CA998880
$1,350,000
  • 0
    BEDS
  • 1.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Great opportunity for a downtown hotel/motel ownership in a historic area. Has been a family owned business for several years. Estate is privately owned and has no franchise fees or rules to negotiate. It can be placed under a franchise with some due diligence and research. Great location within walking distance of many downtown restaurants/bars, adjacent to Loukinens on 4th, the Governor's Mansion, Hoogland Center,? and more developments will be upcoming near by. Property has 12 Kings, 28 Queens, and 40 Doubles (some of these rooms are suites). Ten additional rooms are being used as storage. Sprinkler systems are only in the interior parts of the building. Financials will be given to approved buyers. Call Jerry George for more details - 217-638-1360.

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© 2022 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Group. Data last updated: 2022-10-03T23:46:58.397.
www.killebrewre.com/homes/104611308
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529 S 4TH Street Springfield, IL 62701

  • Price: $1,350,000
  • Status: Active
  • On Site: 917 Days
  • ID#: CA998880
0
Beds
0
Baths
0
½ Baths
1.76
Acres
1960
Built
Neighborhood:
Springfield
County:
Sangamon
Area:
Springfield
Property Description
Great opportunity for a downtown hotel/motel ownership in a historic area. Has been a family owned business for several years. Estate is privately owned and has no franchise fees or rules to negotiate. It can be placed under a franchise with some due diligence and research. Great location within walking distance of many downtown restaurants/bars, adjacent to Loukinens on 4th, the Governor's Mansion, Hoogland Center,? and more developments will be upcoming near by. Property has 12 Kings, 28 Queens, and 40 Doubles (some of these rooms are suites). Ten additional rooms are being used as storage. Sprinkler systems are only in the interior parts of the building. Financials will be given to approved buyers. Call Jerry George for more details - 217-638-1360.
Exterior Features

Construction Materials Brick Parking Total 95 Roof Composition Shingle

Interior Features

Building Area Total 47000 Building Features CableWireless Internet Cooling Central Air Flooring CarpetTile/Vinyl Handicap Modified Yes Heating Forced AirGas

Property Features

100 Year Flood Plain No Agent Owned No Building Name Maa Financing OtherSeller Finance For Lease YN No For Sale YN Yes Foreclosure YN No Frontage Type City Street Irregular Lot YN No Levels Two Lot Size Dimensions 280 X 274 Net Operating Income -21138 Owner Pays All Utilities Possible Use OtherFreestanding BuildingInvestment Security System YN Yes Sewer Public Sewer Sprinkler YN No Tax Annual Amount 21138.22 Tax Incentive1 Enterprize Zone Tax Year 2018 Tenant Pays None Type Commercial Underground Storage Tank YN No Virtually Stage YN Yes Water Source City Water/Connected Zoning Commercial

Listing provided courtesy of Jerry George of The Real Estate Group, Inc.: [IDXCONTACTINFORMATION].
© 2022 RMLS Alliance, LLC. All Rights Reserved.


© 2022 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Group. Data last updated: 2022-10-03T23:46:58.397.
 
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The Real Estate Group
3151 Pleasant Run
Springfield IL, 62711