Eco Friendly
Address
200 Linden Avenue Rantoul, IL
Price
$ 2,500,000
Property Attributes
- MLS#09485542
- TypeContingent
- CountyCHAMPAIGN
- CityRantoul
- AreaDewey - Fisher - Flatville - Foosland - Gifford -
- Zip61866
- StyleHotel/Motel
- Taxes$ 31598
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage91440
- Lot Size4.7 Acres
Listing Provided Courtesy Of:
REALTY 2000,INC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
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 |
| 5/11/2021 | 31% - $2,500,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Business Name | THE QUARTERS INN |
| Business Type | Hotel/Motel |
| City | Rantoul |
| Construction Materials | Brick, Block |
| Contingency | Financing |
| Cooling | Central Air, Central Individual |
| County | Champaign |
| Current Use | Commercial |
| Days on Market | 1759 |
| Directions | RT 45 TO RANTOUL THEN EAST ON WHEAT AVE TO HOTEL LOCATION |
| Electric | Service - 201 to 600 Amps |
| Lot Size Square Feet | 204610 |
| MLS Area | Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro |
| Ownership Type | Corporation |
| Possession | Closing |
| Possible Use | Commercial |
| Property Type | Business Opportunity |
| Property Type | Bus / Bus w/Real Est |
| Roof | Tar and Gravel |
| Standard Status | Active Under Contract |
| Status | Contingent |
| Stories | 3 |
| Street Name | Linden |
| Tax Annual Amount | 31598 |
| Tax Year | 2019 |
| Tenant Pays | Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Structure, Sewer |
| Utilities | Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site |
| Zoning | COMMR |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 91440 |
|---|---|
| Buyerofficefax | (217) 892-2202 |
| Frontage Type | City Street |
| Lot Dimensions | 395 X 518 |
| Total Parking | 250 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 61866
Price
Taxes
Visits
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
