Lemont, IL 60439,12241 Archer AVE
Lemont, IL 60439,12241 Archer AVE
Lemont, IL 60439,12241 Archer AVE
$1,425,000
Est. payment /mo
$1,500,000
5.0%
Est.Price: ?

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14,000 SqFt
SOLD DATE : 04/14/2022

Key Details

Sold Price $1,425,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $101

MLS Listing ID 11147882

Sold Date 04/14/22

Annual Tax Amount $27,892

Tax Year 2019

Lot Dimensions 149 X 289 X 110 X 188

Property Sub-Type Bus / Bus w/Real Est

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.

Location

State IL

County Cook

Area Lemont

Zoning COMMR

Interior

Cooling Central Air, Central Individual

Fireplace N

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Midwest Real Estate Data (MRED) IDX
Listed by James Chipain of  Realty Executives Elite 
Bought with James Chipain of Realty Executives Elite

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Roz Dupiton

Roz Dupiton

Broker | License ID: 475.163956

+1(312) 857-4769

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