4702 N 2nd Street , Loves Park, IL 61111
Loves Park, IL 61111
Description
Prominently located, established Motel in the lively neighborhood of Loves Park, IL. Standing proudly near the gateway of Loves Park and Rockford IL, this unique opportunity benefits from substantial vehicular traffic. This property boasts a total of 26 well-maintained rooms, most of which were remodeled in past five years ago and some new remodels this 2024. Perfect for the seasoned investor or a buyer looking to diversify, this is a rare chance to acquire a turn-key business in a key location with high visibility and accessibility. Two buildings totaling 26 rooms and 24 marked parking spaces but with room for more. Main building offers a small office/reception. On the upper lever you'll find a whole living area with Kitchen, Living room, 4 Bedrooms and 4 Full baths! Can be lived in and run your business from home or can be rented out as well. A true business gem!
Details
| MLS# | 12164147 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Building Name | PARK MOTEL |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 121 |
| Listing Provided By | Exit Realty Redefined | Roger Jenisch |
Features
| SQ Feet | 1 |
|---|---|
| Story(s) | 1 |
| Zoning | COMMR |
Market Activity 61111
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Learn More About This Property
| State | IL |
|---|---|
| County | Winnebago |
| City | Loves Park |
| Zip Code | 61111 |
| Area | Loves Park |
| Listing VS Median (in 61111) | |
Price: $750,000 low | high Med: $234,950 SqFt: 1 low | high Med: 2,029 $ / SqFt: $750,000 low | high Med: $127 On Site: 121 low | high Med: 83.000000 | |