529 S 4th St
Springfield, IL 62701
Mansion View Inn · Hospitality Property For Sale
·
46,446 SF
INVESTMENT HIGHLIGHTS
- Location is great for business travelers, legislative sessions, tourists, and long term stays
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.16 AC |
| Building Size | 46,446 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2010 |
| Parking Ratio | 1.08/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
AMENITIES
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 529 S 4TH ST , SPRINGFIELD, IL 62701
Great opportunity for a downtown hotel/motel ownership in a historic area. Has been a family owned business for several years. Estate is privately owned and has no franchise fees or rules to negotiate. It can be placed under a franchise with some due diligence and research. Great location within walking distance of many downtown restaurants/bars, adjacent to Loukinens on 4th, the Governor's Mansion, Hoogland Center,? and more developments will be upcoming near by. Property has 12 Kings, 28 Queens, and 40 Doubles (some of these rooms are suites). Ten additional rooms are being used as storage. Sprinkler systems are only in the interior parts of the building. Download brochure for information on how to contact an agent to schedule a tour. Financials will be given to approved buyers.
PROPERTY TAXES
| Parcel Number | 14-34.0-156-024 | Improvements Assessment | $109,087 |
| Land Assessment | $163,293 | Total Assessment | $272,380 |
