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122 N 3rd Street

Oregon, IL 61061
  • $699,000
  • STATUS: Pending
  • ON SITE: 8 Days
  • MLS #: 12173317
Pending
UPDATED: 54 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Turn-Key Bed & Breakfast in Historic Downtown Oregon, IL - A Rare Investment Opportunity! Discover a rare gem in historic downtown Oregon, IL with this fully operational, turn-key Bed & Breakfast. Featuring 9 tastefully designed guest rooms, each with its own private bathroom, this property offers guests a comfortable and memorable stay. The grand upper and lower porches provide breathtaking views of the charming city, while the cozy eating area and commercial kitchen are perfect for hosting breakfast and events. The property also includes a fully finished lower level with additional recreational space, providing endless possibilities for guest entertainment or expansion of services. For the innkeeper, the spacious quarters come complete with a full kitchen, living area, and bathroom, ensuring a comfortable on-site living experience. The property also boasts on-site parking, a green space, and a patio, making it a versatile space for events or outdoor enjoyment. This well-reviewed bed and breakfast comes with an established rental history and has been meticulously maintained with many updates, including foundation work, plumbing, and electrical systems. With plenty of room for growth, this property offers both seasoned investors and aspiring owner-operators a unique opportunity to step into a thriving business with endless potential. Whether you're an experienced investor or dreaming of becoming an owner-operator, this property is your chance to own a piece of Oregon's historic charm with a profitable and well-maintained business.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-10-04T17:12:35.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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122 N 3rd Street Oregon, IL 61061

  • Price: $699,000
  • Status: Pending
  • On Site: 8 Days
  • Updated: 54 min ago
  • MLS #: 12173317
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ogle
County:
Ogle
Area:
Ogle
Property Description
Turn-Key Bed & Breakfast in Historic Downtown Oregon, IL - A Rare Investment Opportunity! Discover a rare gem in historic downtown Oregon, IL with this fully operational, turn-key Bed & Breakfast. Featuring 9 tastefully designed guest rooms, each with its own private bathroom, this property offers guests a comfortable and memorable stay. The grand upper and lower porches provide breathtaking views of the charming city, while the cozy eating area and commercial kitchen are perfect for hosting breakfast and events. The property also includes a fully finished lower level with additional recreational space, providing endless possibilities for guest entertainment or expansion of services. For the innkeeper, the spacious quarters come complete with a full kitchen, living area, and bathroom, ensuring a comfortable on-site living experience. The property also boasts on-site parking, a green space, and a patio, making it a versatile space for events or outdoor enjoyment. This well-reviewed bed and breakfast comes with an established rental history and has been meticulously maintained with many updates, including foundation work, plumbing, and electrical systems. With plenty of room for growth, this property offers both seasoned investors and aspiring owner-operators a unique opportunity to step into a thriving business with endless potential. Whether you're an experienced investor or dreaming of becoming an owner-operator, this property is your chance to own a piece of Oregon's historic charm with a profitable and well-maintained business.
Exterior Features

Frontage Type City Street Land Amenities Lighting/Exterior Lot Size Less Than .25 Acre Outdoor Parking 6-12 Spaces Waterfront YN No

Interior Features

Cooling Window Unit(s) Heat Ventilation Hot Water Miscellaneous Inside Common Lunchroom/sCommon Meeting Room/sMulti-TenantPrivate Restroom/sFurnished Units AvailableLaundry Room

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2023 Annual Rent For Real Estate 0 Building Area Total 7500 Business Age 11+ Years Business Type Bed & Breakfast Corporate Limits Oregon Current Use Commercial Electric Service - 0 to 100 Amps Gross Profit Year 2023 Gross Sales Annual 0 Gross Sales Annual Year 2023 Location Central Business DistrictMixed Use AreaFree Standing/Urban Mls Actual Status Pending Operating Expense 0 Ownership Type Corporation Ownership Types Limited Partnership Possible Use CommercialLiquor License Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesInventoryCustomer ListOwner Will TrainPhone NumberBusiness Name Tax Annual Amount 6400 Tax Year 2023 Tenant Pays Varies by Tenant Type Bus / Bus w/Real Est Type Of Lease None Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX of Rock Valley: 815-732-9100.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-10-04T17:12:35.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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