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12241 Archer Avenue

Lemont, IL 60439
  • $1,500,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 11147882
$1,500,000
  • 0
    BEDS
  • N/A
    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 Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-03T00:00:49.62 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
  • On Site: 148 Days
  • MLS #: 11147882
0
Beds
0
Baths
0
½ Baths
N/A
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

Frontage Type County Road Lot Size .50-.99 Acre 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 Adjusted Net Income 0 Adjusted Net Income Year 2019 Annual Rent For Real Estate 0 Building Area Total 14000 Business Age 11+ Years Business Type Hotel/Motel Corporate Limits Lemont Current Use Commercial Gross Profit Year 2019 Gross Sales Annual 0 Gross Sales Annual Year 2019 Location Free Standing/Urban Operating Expense 0 Possible Use Commercial Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesInventoryPhone NumberBusiness Name Tax Annual Amount 27892 Tax Year 2019 Tenant Pays Other Type Bus / Bus W/Real Est Type Of Lease None 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 Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-03T00:00:49.62 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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