200 Linden Avenue, Rantoul, IL

$2,500,000

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About 200 Linden Avenue

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 !!!

Features of 200 Linden Avenue

MLS® # 09485542
Price $2,500,000
Bathrooms 0.00
Acres 0.00
Type Business Opportunity
Sub-Type Bus / Bus w/Real Est
Status Contingent

Community Information

Address 200 Linden Avenue
Area Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
City Rantoul
County Champaign
State IL
Zip Code 61866

Amenities

Parking Spaces 250
Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Central Individual
Fireplace No
Has Basement No

Exterior

Roof Tar and Gravel

Additional Information

Days on Market 1969
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeREALTY 2000,INC

Listing Map

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