MLS #MRD12369038 img 0MLS #MRD12369038 img 1
Don’t miss this rare investment opportunity! Conveniently located on IL Route 71, this property offers excellent visibility and exposure, with over 2,600 vehicles passing by daily (IDOT). A little TLC will go a long way here. The motel features a mix of single and double studio rooms with individual heating/cooling. Many of the rooms and bathrooms have been updated but are still in need of flooring. In addition to the motel units, the property includes multiple one bedroom apartments (with updated kitchens) as well as a two and three-bedroom apartment offering long-term rental income potential or extended-stay lodging options. The office, bar, restaurant, kitchen, and banquet room are just waiting to be brought back to life! Roof is approximately 5 years old. A majority of the electrical and plumbing has been updated. Just a short drive from Starved Rock State Park-one of Illinois’ most popular outdoor destinations- this property draws consistent traffic from tourists, hikers, and nature lovers year-round. Whether you’re looking to expand your real estate portfolio or operate your own hospitality business, the possibilities are endless! Schedule your private tour today and explore the possibilities this property has to offer!

Property Details

Price:
$775,000
MLS #:
MRD12369038
Status:
Active
Beds:
0
Baths:
0
Address:
324 E 4th Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
Cedar Point
City:
Cedar Point
Listed Date:
May 19, 2025
State:
IL
Finished Sq Ft:
18,278
Total Sq Ft:
18,278
ZIP:
61316
Year Built:
1967

Schools

Interior

Cooling
Central Air

Exterior

Financial

Tax Year
2023
Taxes
$4,139

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