Address
200 Linden Avenue Rantoul, IL
Price
$ 3,600,000
Property Attributes
  • MLS#09485542
  • TypeBusiness Op
  • CountyCHAMPAIGN
  • CityRantoul
  • AreaDewey - Fisher - Flatville - Foosland - Gifford -
  • Zip61866
  • StyleHotel or Motel
  • Taxes31598
  • Price$ 3,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage91440
  • Lot Size2.09 Acres
Listing Provided Courtesy Of:
REALTY 2000,INC
Property Description

3 STORY MOTEL WITH ELEVATOR, 198 ROOMS OR WHICH 32 ARE KINGS, 6 ARE QUEENS AND 159 ARE FULL'S. ROOMS HAVE REFRIGERATORS, MICROWAVES AND TELEVISIONS, TWO BUILDINGS, ELEVATOR IN EACH, WITH 98 ROOMS IN THE FRONT BUILDING AND 100 IN THE REAR BUILDING, THE REAR BUILDING HAS PTAC UNITS WHICH ARE APPROXIMATELY 7 YEARS OLD, THE FRONT BUILDING HAS WINDOW AC UNITS AS THE CENTRAL AC IS NOT FUNCTIONING AT THIS TIME AND CENTRAL HEATING SYSTEM MOTEL INCLUDES TWO CONFERENCE ROOMS WITH TWO VENDING AREAS IN EACH BUILDING. ATTACHED WALKWAY BETWEEN BUILDINGS WHICH CONTAINS AN IN DOOR POOL AS WELL AS OUTDOOR POOL. LARGE PARKING LOT WEST OF THE BUILDINGS AS WELL AS SEVERAL BY FRONT ENTRANCE..FACILITY HAS ALSO BEEN UTILIZED AS UNIVERSITY OF ILLINOIS FOOTBALL TRAINING CAMP FOR SEVERAL YEARS AS WELL AS NUMEROUS SOCCER TEAM AND HIGH SCHOOL FOOTBALL EVENTS..FOOTBALL AND SOCCER FIELDS JUST NORTH OF THE MOTEL..FULL SCALE BANQUET FACILITIES JUST WEST OF THE MOTEL IN THE LINDEN BANQUET CENTER. (FORMER CHANUTE AFB OFFICER'S CLUB) AND OWNED BY ANOTHER INDIVIDUAL BUT VERY COOPERATIVE WITH LARGE GROUPS OF EVENT DINING.. OCCUPANCY RATES SHOULD MUSHROOM WITH THE CONSTRUCTION OF THE NEW OUTDOOR SPORTS COMPLEX TO BE COMPLETED IN 2021 ON THE WEST SIDE OF RANTOUL.. AND THE ACTIVATION OF A TEST VEHICLE TRACK BY THE UNIVERSITY OF ILLINOIS IN THE VERY NEAR FUTURE HIGHLY MOTIVATED SELLER !!!

Price History
1/25/2017 Listed $3,600,000

General Features

Financing Options Conventional
Location Corner
Ownership Type Corporation
Status Active
Tax Year 2019
Taxes 31598.
Waterfront No
Zoning COMMR

Interior Features

Air Conditioning Central Air, Central Individual
Corporate Limits Rantoul
Cost Of Goods Year 2016
Living Quarters Possible
Total Stories 3
Utilities Electric to Site, Gas to Site, Sanitary Sewer to Site, Water-Municipal, Water to Site

Exterior Features

Ann Rnt Expense Source Owner Projection
Building Area Total 91440
Frontage/Access City Street
Lot Dimensions 395 X 518
Lot Size Area 4.0-4.99 Acres
Lot Sq Ft 204610
Number of Parking Spaces 250

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 61866

Price
AVG $690K
$3.6M
Taxes
AVG $11,851
$31,598
Visits
AVG 5
3
Walkscore
AVG 42
4
Data Provided by Walkscore ® not using MLS data

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