324 E 4th ST new Save Request In-Person Tour Request Virtual Tour
Cedar Point,IL 61316
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 18,278 sqft
Price per Sqft $42
MLS Listing ID 12369038
Year Built 1967
Annual Tax Amount $4,138
Tax Year 2023
Lot Dimensions 1.66
Property Sub-Type Mixed Use
Property Description
Don't miss this rare investment opportunity! Conveniently located on IL Route 71, this property offers excellent visibility and exposure, with over 2,600 vehicles passing by daily (IDOT). A little TLC will go a long way here. The motel features a mix of single and double studio rooms with individual heating/cooling. Many of the rooms and bathrooms have been updated but are still in need of flooring. In addition to the motel units, the property includes multiple one bedroom apartments (with updated kitchens) as well as a two and three-bedroom apartment offering long-term rental income potential or extended-stay lodging options. The office, bar, restaurant, kitchen, and banquet room are just waiting to be brought back to life! Roof is approximately 5 years old. A majority of the electrical and plumbing has been updated. Just a short drive from Starved Rock State Park-one of Illinois' most popular outdoor destinations- this property draws consistent traffic from tourists, hikers, and nature lovers year-round. Whether you're looking to expand your real estate portfolio or operate your own hospitality business, the possibilities are endless! Schedule your private tour today and explore the possibilities this property has to offer!
Location
State IL
County Lasalle
Area Cedar Point
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2