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$ 550,000
$ 750,000 26.7%
Est. payment /mo
Sold on 07/23/2025
4702 N 2nd Street Loves Park, IL 61111
1 SqFt
UPDATED:
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $550,000
MLS Listing ID 12164147
Sold Date 07/23/25
Annual Tax Amount $10,145
Tax Year 2023
Lot Dimensions 147X151
Property Sub-Type Bus / Bus w/Real Est
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!
Location
State IL
County Winnebago
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Listed by Roger Jenisch • Exit Realty Redefined
Bought with Non Member • NON MEMBER
Bought with Non Member • NON MEMBER