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Listing Details

529 4Th Springfield, IL 62701
$1,350,000
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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

Square Feet: Bedrooms:

Listing

Type:Commercial/Cie
Listing Price:1350000
List Date:2020-03-30
MLS #:Ca998880
Zoning:Commercial

Location

Address Number:529
Address Direction:S
Address Street:4Th
City:Springfield
State:Il
Zip:62701
Address:529 S 4Th Street

Taxes / Expenses

Annual Taxes:21138.22
Tax Incentive:No

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Listed by: The Real Estate Group, Inc.  /   MLS: 998880