350 W Walnut St
Watseka, IL 60970
Family Inn · Hospitality Property For Sale
·
7,650 SF
INVESTMENT HIGHLIGHTS
- Heavy Traffic Count
- Near McDonald's and Casey's General Store
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 7,650 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 3.26/1,000 SF |
| Corridor | Exterior |
| Zoning | B-1 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ABOUT 350 W WALNUT ST , WATSEKA, IL 60970
This motel has the perfect location for a traveler. It is across from a park and Casey's General Store and next to McDonald's and Dollar General. Everything needed is within 3 minutes walking distance. All rooms have a microwave and refrigerator; some have a kitchenette; and 2 have separate kitchens. This unique motel has a mix of short- and long-term clientele. Many are repeat customers, as companies will rent several rooms for months at a time. Current owners are a husband/wife team and have been here for 17 years. Now ready to retire, they are willing to help new owners learn the business. It is a very profitable business. (2020 financials reflect covid-19 closing of 6 months.)
PROPERTY TAXES
| Parcel Number | 19-32-330-004 | Improvements Assessment | $21,329 |
| Land Assessment | $6,236 | Total Assessment | $27,565 |
