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200 Linden Avenue Rantoul, IL 61866
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Key Details
Sold Price $512,500
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 91,440 sqft
Price per Sqft $5
MLS Listing ID 09485542
Sold Date 01/30/23
Annual Tax Amount $31,598
Tax Year 2021
Lot Dimensions 395 X 518
Property Description
"""PURCHASER OF THIS PROPERTY AT FULL PRICE OR MORE MUST CLOSE ON IT BEFORE 31 JAN 2023 IN ORDER TO GET THIS DISCOUNTED FANTASTIC PRICE..""" 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 APPROXIMATELY10 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 COMPLETED IN 2022 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 !!!
Location
State IL
County Champaign
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Waterfront false
View Y/N true
Roof Type Tar and Gravel
Building
Structure Type Brick, Block
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Herman Fogal • REALTY 2000,INC