Eco Friendly
Address
200 Linden Avenue Rantoul, IL
Price
$ 2,500,000
Property Attributes
  • MLS#09485542
  • TypeBusiness Op
  • CountyCHAMPAIGN
  • CityRantoul
  • AreaDewey - Fisher - Flatville - Foosland - Gifford -
  • Zip61866
  • StyleHotel/Motel
  • Taxes$ 31598
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage91440
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
Cooling Central Air, Central Individual
County Champaign
Current Use Commercial
Days on Market 1634
Directions RT 45 TO RANTOUL THEN EAST ON WHEAT AVE TO HOTEL LOCATION
Electric 201-600 Amps
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
Status Active
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
Frontage Type City Street
Lot Dimensions 395 X 518
Lot Size Square Feet 204610
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 Business Op Average in 61866

Price
AVG $1.28M
$2.5M
Taxes
AVG $17,081
$31,598
Visits
AVG 117
133
Walkscore
AVG 32
4
Data Provided by Walkscore ® not using MLS data

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