118 E Court St - Hospitality FOR SALE


Paris, IL 61944
$120,000 USD
217-921-0246
118 E Court St, Paris, IL for Sale
$120,000 USD
Hospitality - FOR SALE
1/32
null | Request Cap Rate

118 E Court St
Paris, IL 61944


OVERVIEW

A former hotel is for sale for $890,000; however, the seller may consider selling it for just $120,000. I’m looking to sell to someone who sees the real potential of this property and is serious about moving forward. This is a former hotel building with 43 units. The structure and roof are in solid condition. Each unit has its own bathroom (some with showers, some with bathtubs). The building also includes a commercial kitchen, banquet area, and a small laundry room on the first floor. The property was previously operational, and even with only one floor running, it was generating strong monthly income. With full use of all floors, the income potential is significantly higher. A substantial amount of work has already been completed, including general interior improvements. Some finishing work remains, and plumbing needs to be checked primarily on the 4th floor. This is reflected in the price. The property is currently vacant and is being sold as-is.

FOR SALE DETAILS

PRICE

$120,000 USD

PRICE/SF

$6 USD /SF

# OF ROOMS

43

PRICE/ROOM

$2,791 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Katie Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1924

PARKING SPACES

59

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,036 SF

ZONING

Com

APN/PARCEL ID

09-18-01-401-010,09-18-01-401-011,09-18-01-401-041

ASK ABOUT THIS PROPERTY

Grigory SemenovUPSOOS Communication LLCMore Info
217-921-0246

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Grigory SemenovUPSOOS Communication LLCMore Info
217-921-0246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.