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$512,500
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Property Description
"""Purchaser Of This Property At Full Price Or More Must Close On It Before 31 Jan 2023 in Order To Get This Discounted Fantastic Price..""" Story Motel With Elevator, 198 Rooms Or Which 32 Are Kings, 6 Are Queens and 159 Are Full's. Rooms Have Refrigerators, Microwaves and Televisions, Two Buildings, Elevator in Each, With 98 Rooms in The Front Building and 100 in The Rear Building, The Rear Building Has Ptac Units Which Are Approximately10 Years Old, The Front Building Has Window Ac Units As The Central Ac Is Not Functioning At This Time and Central Heating System Motel Includes Two Conference Rooms With Two Vending Areas in Each Building. Attached Walkway Between Buildings Which Contains An in Door Pool As Well As Outdoor Pool. Large Parking Lot West Of The Buildings As Well As Several By Front Entrance..Facility Has Also Been Utilized As University Of Illinois Football Training Camp For Several Years As Well As Numerous Soccer Team and High School Football Events..Football and Soccer Fields Just North Of The Motel..Full Scale Banquet Facilities Just West Of The Motel in The Linden Banquet Center. (Former Chanute Afb Officer's Club) and Owned By Another Individual But Very Cooperative With Large Groups Of Event Dining.. Occupancy Rates Should Mushroom With The Construction Of The New Outdoor Sports Complex Completed in 2022 On The West Side Of Rantoul.. and The Activation Of A Test Vehicle Track By The University Of Illinois in The Very Near Future Highly Motivated Seller !!!
Full Property Details
Full Property Details for 200 Linden Ave
General
- Sold For: $512,500
- Taxes: $31,598 (2021)
- Status: Closed
- Type: Business
- Source: MRED
- MLS ID: 09485542
- Added to Site: 3, 277 day(s) ago
Business
- Name: THE QUARTERS INN
- Business Type: Hotel/Motel
Interior
- Interior Features: Common Meeting Room(s), Passenger Elevator(s), Handicapped Access, Inside Corridor(s), Janitorial Service, Private Restroom(s), Public Restroom(s), Furnished Units Available, Laundry Room
Parking
- Total Spaces: 250
- Parking Features: Over 100 Spaces, Common Parking, Fee Parking, Lighted, Open, Paved
Location
- Area: Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
- County: Champaign
- Driving Directions: RT 45 TO RANTOUL THEN EAST ON WHEAT AVE TO HOTEL LOCATION
- Location Details: Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls, Electric, Wall Unit
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water, Water to Site
Structural Information
- Construction: Brick, Block
- Roof: Tar and Gravel
- Stories/Levels: 3
- Square Feet: 91,440
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Sq. Ft.): 204,610
- Lot Size Range: 4.0 to 4.99 Acres
- Lot Dimensions: 395 x 518
- Frontage: City Street
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $31,598
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Structure, Sewer
Disclosures and Reports
- Ownership: Corporation
- Property ID: 200910421007
Listed and Sold by Realty 2000,Inc
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Schools
Schools serving 200 Linden Ave
School Districts:Rantoul Township High School District 193, Rantoul City School District 137
| Name | Grades | Distance |
|---|---|---|
Broadmeadow Elementary School 500 Sunview Road, Rantoul, IL 61866 | 3-5 | 1.2 mi |
J W Eater Jr High School 400 East Wabash Avenue, Rantoul, IL 61866 | 6-8 | 1.2 mi |
Rantoul Twp High School 200 South Sheldon Street, Rantoul, IL 61866 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 Linden Ave
Date
Details
Price
Change
Source
1/30/2023
Sold
$512,500
2.5%
MLS
12/20/2022
Price Reduced
$500,000
-80%
MLS
5/11/2021
Price Reduced
$2,500,000
-30.56%
MLS
1/03/2017
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
200 Linden Avenue, Rantoul, IL 61866 (MLS# 09485542) is a Business property that was sold at $512,500 on January 30, 2023. Want to learn more about 200 Linden Avenue? Do you have questions about finding other Business real estate for sale in Rantoul? You can browse all Rantoul real estate or contact a Coldwell Banker agent to request more information.
