122 N 3rd St - Hospitality FOR SALE


Oregon, IL 61061
$699,000 USD
815-732-9100
122 N 3rd St, Oregon, IL for Sale
$699,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

122 N 3rd St
Oregon, IL 61061


HIGHLIGHTS

  • Historic building
  • Turn-key
  • on-site pakring

OVERVIEW

Turn-Key Bed & Breakfast in Historic Downtown Oregon, IL - A Rare Investment Opportunity! Discover a rare gem in historic downtown Oregon, IL with this fully operational, turn-key Bed & Breakfast. Featuring 9 tastefully designed guest rooms, each with its own private bathroom, this property offers guests a comfortable and memorable stay. The grand upper and lower porches provide breathtaking views of the charming city, while the cozy eating area and commercial kitchen are perfect for hosting breakfast and events. The property also includes a fully finished lower level with additional recreational space, providing endless possibilities for guest entertainment or expansion of services. For the innkeeper, the spacious quarters come complete with a full kitchen, living area, and bathroom, ensuring a comfortable on-site living experience. The property also boasts on-site parking, a green space, and a patio, making it a versatile space for events or outdoor enjoyment. This well-reviewed bed and breakfast comes with an established rental history and has been meticulously maintained with many updates, including foundation work, plumbing, and electrical systems. With plenty of room for growth, this property offers both seasoned investors and aspiring owner-operators a unique opportunity to step into a thriving business with endless potential. Whether you're an experienced investor or dreaming of becoming an owner-operator, this property is your chance to own a piece of Oregon's historic charm with a profitable and well-maintained business.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$62 USD /SF

# OF ROOMS

10

PRICE/ROOM

$69,900 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patchwork Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1835

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

CMMR

APN/PARCEL ID

16-03-160-006

ASK ABOUT THIS PROPERTY

Rebecca HazzardRe/Max Rock ValleyMore Info
815-732-9100

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Rebecca HazzardRe/Max Rock ValleyMore Info
815-732-9100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.