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3420 N 22nd Street

Decatur, IL 62526
  • $195,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 6222780
Price Reduced
UPDATED: 36 min ago
$195,000
  • 0
    BEDS
  • 1.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

School District:

Description

Value-Add Investment Opportunity! Situated on Illinois Route 48, the Tri-Manor Motel offers excellent visibility and is centrally located in the Northeast corridor of Decatur. The property consists of 19 units with lobby, all on a 1.57 acre parcel. Motel is currently in operation with an on-site manager. According to the manager rental rates are $50 per night and $250 per week. Please don't disturb guests/tenants. Great opportunity to make improvements and continue current operations with Airbnb or redevelop to traditional multifamily use. Current assessed Fair Market Value is $253,000. Contact broker for all inquiries.

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© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-10-05T23:27:38.963.
www.mainplace.us/homes/132431464
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3420 N 22nd Street Decatur, IL 62526

  • Price: $195,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 36 min ago
  • MLS #: 6222780
0
Beds
0
Baths
0
½ Baths
1.57
Acres
1955
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
Value-Add Investment Opportunity! Situated on Illinois Route 48, the Tri-Manor Motel offers excellent visibility and is centrally located in the Northeast corridor of Decatur. The property consists of 19 units with lobby, all on a 1.57 acre parcel. Motel is currently in operation with an on-site manager. According to the manager rental rates are $50 per night and $250 per week. Please don't disturb guests/tenants. Great opportunity to make improvements and continue current operations with Airbnb or redevelop to traditional multifamily use. Current assessed Fair Market Value is $253,000. Contact broker for all inquiries.
Exterior Features

Carport Spaces 0 Garage 1.5 Car Detached Lake Front Yn No Roof Shingle

Interior Features

Cooling Window Hookups In Bldg Yn Yes Total Above Grade Sqft 0

Property Features

Gross Scheduled Income 0.00 Lease Yn Yes Lot Size Square Feet 68389.00 Operating Expense 0.00 Owner Pays All Utilities Property Sub Type 11/+ Units Sewer Desc City Sewer Special Listing Conditions None Subdivision Yn No Tax Amount 8244.00 Tax Year 2020 Water Heater Other Water Source Public Zoning B-2

Listing information © 2022 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate: 217-422-3335.


© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-10-05T23:27:38.963.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523