$1,425,000
$1,500,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
14,000 SqFt
SOLD DATE : 04/14/2022
Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $101
MLS Listing ID 11147882
Sold Date 04/14/22
Annual Tax Amount $27,892
Tax Year 2019
Lot Dimensions 149 X 289 X 110 X 188
Property Sub-Type Bus / Bus w/Real Est
Property Description
Pleased to present for sale the D-Lux Budget Inn, located in the fast-growing southwest suburb of Lemont, Illinois. This property contains clean, well-appointed guest rooms, formal reception, parking for 33 vehicles, on-site laundry room, and large owner's living quarters. A total of 27 units, including 24 guestrooms and multiple owner's units, are spread out over two stories, with interior and exterior corridor entrances. Spacious guest rooms with a flat-screen television, refrigerator, and microwave. Owner's living quarters highlighted by over 2,000 square feet of living area, 3 large bedrooms, 3 full bathrooms, chef's kitchen, and high-end finishes. Family owned and lovingly maintained for over 30 years. Turnkey business. Live on-site or convert owner's units to additional guest rooms. Great current cash flow and solid investment while still presenting a value-add opportunity with the potential for revenue growth. Situated on nearly 3/4 of an acre of land and zoned B-3, this prime location is near the renowned Cog Hill Golf and Country Club, The Forge Adventure Park, shopping, dining, expressways, and METRA. Located just 45-minute drive from Chicago and 30 minutes from Oakbrook. Excellent exposure near the highly trafficked intersection of Archer Avenue and McCarthy Road. No other lodging within 10 miles of property. New AC/Heat in all rooms. Newer roof and water heater. Well maintained but being sold "as is". Property tours will be available by appointment only. To schedule a property tour, please contact the listing broker. Please do not contact the Motel directly nor visit the Property without scheduling a tour with the brokerage. At no time shall the on-site management or staff be contacted without prior approval.
Location
State IL
County Cook
Area Lemont
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Building
Level or Stories 2
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Bought with James Chipain • Realty Executives Elite
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