1. Illinois
  2. Loves Park
  3. 4702 N 2nd Street
$750,000

4702 N 2nd Street, Loves Park, IL 61111

  • 1 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $750,000/sqft
  • Property List Date Icon Listed 10 months ago

Property 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!

Listing Status:
Active
Listing Office:
Exit Realty Redefined : 773-682-8771
Listing Agent:
Roger Jenisch : 773-682-8771
MLS ID:
12164147
  • A/C: Window Unit(s)

This listing courtesy of Roger Jenisch, Exit Realty Redefined

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Loves Park Elementary School

344 Grand Ave, Loves Park, IL, 61111

Grades 1-6

1.03 miles away

H

Harlem Middle School

735 Windsor Rd, Loves Park, IL, 61111

Grades 7-8

1.82 miles away

H

Harlem High School

9229 N Alpine Rd, Machesney Park, IL, 61115

Grades 9-12

4.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.