Hotel/Motel


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Location: 814 E Walnut Street, Watseka, IL, 60970
UPCOMING AUCTION  Mon, August 19 - Wed, August 21

Suggested Opening Bid: $350,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Year Built: 1980

Lot Size: Approx. 1.74 Acres

Building Size: Approx. .08 FAR/Approx. 6,000 SF

Rooms: 26

Room Size: Approx. 250 SF (each room)

SFH: 4 Bedrooms & 2 Bathrooms

Parking Spaces: 27

2018 Taxes: $6,345.82

PIN #: 19-33-451-007

NOI: Approx. $119,499.18

Zoning: B-4

This 26 room motel is currently operating with some queen size rooms to accommodate 2 guests and some quadruple rooms to accommodate 4 guests. Each room has air conditioning, and cable TV. There is a single family home on the property with 4 bedrooms and 2 bathrooms which can be used for an on-site manager quarters.

Restaurants nearby include Steak 'n Shake, Subway, Taco Bell and Dairy Queen.

Local nearby attractions include the Iroquois County Historical Society Old Courthouse Museum, Watseka Park District, and the Covered in Paint Art Studio.

Watseka is 15 miles west of the Illinois-Indiana state line on U.S. Route 24. The motel is located off of U.S. Route 24 near IL-1 and US-52.

**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT 

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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