26 Room Motel with Single Family Home in Watseka, IL
814 E Walnut Street
Watseka, IL 60970
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
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
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.