Eco Friendly
Address
1079 N 7th Street Rochelle, IL
Price
$ 570,000
Property Attributes
  • MLS#11036303
  • TypeBusiness Op
  • CountyOGLE
  • CityRochelle
  • AreaFlagg Center - Hillcrest - Kings - Rochelle
  • Zip61068
  • StyleHotel/Motel
  • Taxes$ 7411
  • Price$ 570,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4169
Listing Provided Courtesy Of:
Bearrows Real Estate & Auction Co
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Attention Investors! The return on this investment is undeniable! So much more to this property than meets the eye! With 15 rentable rooms avgeraging over 200 sq ft each ,400 sq ft living quarters complete with a full kitchen and office space, as well as thousands of square ft of storage or future livable space, you have to see it to appreciate all that this property has to offer. New roof in 2018, updated furniture in 2017, water heater in 2014, all rooms have been freshly painted, and many rooms have been completely renovated. Every room is equipped with flat screen tvs, a microwave, refrigerator, and coffee makers. It has a consistently high occupancy rate for both short term accommodations and longer term, for out of state residents that are working in the area. The entire walkway is brand new this year and there is ample parking for guests. Security system included.

Price History
3/30/2021 Listed $575,000
6/4/2021 1% - $570,000

General Features

Additional Parcels Y/N No
Business Name COLONNADE MOTEL
Business Type Hotel/Motel
City Rochelle
Cooling Window Unit(s)
County Ogle
Days on Market 75
Directions South on 7th St/ Rt 251 from Rt 38. Motel is on the east side of street.
MLS Area Flagg Center / Hillcrest / Kings / Rochelle
Operatingexpense 25000
Possession Closing
Property Type Bus / Bus w/Real Est
Property Type Business Opportunity
Standard Status Active
Status Active
Stories 1
Street Name 7th
Tax Annual Amount 7411.94
Tax Year 2020
Tenant Pays Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Sewer
Zoning COMMR

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 4169
Lot Dimensions 1489X1489
Lot Size Square Feet 23824
Total Parking 15

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 61068

Price
AVG $400K
$570K
Taxes
AVG $4,950
$7,411
Visits
AVG 81
29
Walkscore
AVG 71
71
Data Provided by Walkscore ® not using MLS data

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