Homes for sale - 4702 N 2nd ST, Loves Park, IL 61111

See all 36 photos

$750,000

Est. payment - /mo

Save

1 SqFt

Active

4702 N 2nd ST Loves Park, IL 61111

Save

Additional details

Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

UPDATED:

09/23/2024 05:30 AM

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $750,000

MLS Listing ID 12164147

Annual Tax Amount $10,145

Tax Year 2023

Lot Dimensions 147X151

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

Area Loves Park

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Waterfront false

Building

Dwelling Type Bus / Bus w/Real Est

Level or Stories 1

Listed by Roger Jenisch • Exit Realty Redefined

Mario Bilotas

Managing Broker, CEO | License ID: 471016608

+1(847) 886-4663 | mario@fourdaughtersrealestate.com

GET MORE INFORMATION

Quick Search by City