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    12241 Archer Avenue

    Lemont, IL 60439
    • $1,500,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 11147882
    UPDATED: 60 min ago
    $1,500,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,000
      SQFT
    • $107
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Midwest Real Estate Data LLC. 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 MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T10:55:06.137 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    12241 Archer Avenue Lemont, IL 60439

    • Price: $1,500,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 11147882
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    14,000
    SQFT
    $107
    $/SQFT
    Neighborhood:
    Lemont
    County:
    Cook
    Area:
    Lemont
    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.
    Exterior Features

    Approx Land Sq Footage 14000 Frontage Type County Road Location Free Standing/Urban Outdoor Parking 31-50 Spaces Parking Total 33 Waterfront YN No

    Interior Features

    Cooling Central AirCentral Individual Heat Ventilation Central Heat/Indiv Controls

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 0 Annual Rent For Real Estate 0 Business Age 11+ Years Business Name D-Lux Budget Inn Business Type Hotel/Motel Corporate Limits Lemont Cost Of Goods Sold 0 Cost Of Goods Year 2019 Current Use Commercial General Information List Broker Must Accompany Gross Payroll 0 Gross Payroll Year 2019 Gross Profit 0 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 0 Inventory 0 Inventory Year 2019 Known Encumbrances None Known Living Quarters Included Lot Size .50-.99 Acre Lot Size Dimensions 149 X 289 X 110 X 188 Net Operating Income Year 2019 Net Profit 0 Operating Expense 0 Possible Use Commercial Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesInventoryPhone NumberBusiness Name Sales Taxes 0 Sales Taxes Year 2019 Tax Annual Amount 27892 Tax Year 2019 Tenant Pays Other Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None Unincorporated YN No Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Realty Executives Elite.


    © 2021 Midwest Real Estate Data LLC. 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 MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T10:55:06.137 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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