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529 S 4TH Street

Springfield, IL 62701
  • $1,450,000
  • STATUS: Active
  • ON SITE: 611 Days
  • ID#: CA998880
UPDATED: 139 min ago
$1,450,000
  • 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 Yash Gajera for more details - 217-572-6722 - yg@thegroup.com

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© 2021 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 RE/MAX Professionals. Data last updated: 2021-12-02T20:44:57.733.
www.viewspringfieldhomes.com/homes/104611308
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529 S 4TH Street Springfield, IL 62701

  • Price: $1,450,000
  • Status: Active
  • On Site: 611 Days
  • Updated: 139 min ago
  • 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 Yash Gajera for more details - 217-572-6722 - yg@thegroup.com
Exterior Features

Exterior Finish Brick Frontage Access City Street Irregular Lot 0 Lot Dimensions 280 X 274 Num Parking Spaces Allocated 95 Roof Construction Comp Shingle Wall Construction Brick

Interior Features

Cooling Central Air Flooring CarpetedTile/Vinyl Heating Forced AirGas Insulation FloorsRoofSide Walls

Property Features

100 Year Flood Plain No Amenities CableWireless Internet Annual Taxes 21138.22 Building Description 2 Story Building Name Maa For Lease No For Sale Yes Foreclosure No Handicap Modified Yes Location Downtown Miscellaneous Resident Manager Net Operating Income 0 Number Of Buildings 1 Owner Pays All Ownership L.L.C. Possible Financing Other Poss FinancingSeller Finance Property Use Other Property UseFreestanding Building Sale Lease Includes BuildingBusinessInventoryLand Sale Rent For Sale Security System Yes Sewer Source Public Sewer Sprinkler No Tax Incentive Enterprize Zone Tenant Pays None Type Commercial/Cie Type1 Investment Underground Storage Tank No Water Supply City On Premises Zoning Commercial

Listing provided courtesy of Jerry George of The Real Estate Group.
© 2021 RMLS Alliance, LLC. All Rights Reserved.


© 2021 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 RE/MAX Professionals. Data last updated: 2021-12-02T20:44:57.733.
 
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2475 West Monroe Street
Springfield IL, 62704