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200 Linden Avenue

Rantoul, IL 61866
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 1817 Days
  • MLS #: 09485542
Under Contract
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 91,440
    SQFT
  • $27
    $/SQFT

School Ratings & Info

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 !!!

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© 2022 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 2022-01-16T23:57:51.483 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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200 Linden Avenue Rantoul, IL 61866

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 1817 Days
  • MLS #: 09485542
0
Beds
0
Baths
0
½ Baths
N/A
Acres
91,440
SQFT
$27
$/SQFT
Neighborhood:
Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
County:
Champaign
Area:
Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
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 !!!
Exterior Features

Frontage Type City Street Land Amenities Lighting/Exterior Lot Size 4.0-4.99 Acres Outdoor Parking Over 100 SpacesCommon ParkingFee ParkingLightedOpenPaved Parking Total 250 Roof Tar And Gravel Waterfront YN No

Interior Features

Cooling Central AirCentral Individual Heat Ventilation Central Heat/Indiv ControlsElectricWall Unit Miscellaneous Inside Common Meeting Room/SElevator/S PassengerHandicapped AccessInside Corridor/SJanitorial ServicePrivate Restroom/SPublic Restroom/SFurnished Units AvailableLaundry Room

Property Features

Additional Parcels YN Yes Adjusted Net Income 0 Adjusted Net Income Year 2016 Annual Rent For Real Estate 0 Building Area Total 91440 Business Age Unknown Business Type Hotel/Motel Contingency Financing Continue To Show Yes Corporate Limits Rantoul Current Use Commercial Electric Service - 201 To 600 Amps Gross Profit Year 2016 Gross Sales Annual 0 Gross Sales Annual Year 2016 Location Corner Operating Expense 0 Ownership Types Corporation Possible Use Commercial Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentCustomer ListOwner Will TrainPhone NumberBusiness Name Seller Needs Cash Seller Will Create Paper Tax Annual Amount 31598 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofStructureSewer Type Bus / Bus W/Real Est Type Of Lease None Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Realty 2000,Inc.


© 2022 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 2022-01-16T23:57:51.483 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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