529 S 4th St
Springfield, IL 62701
Mansion View Inn · Hospitality Property For Sale · 46,446 SF

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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 $246,764
Land Assessment $202,647 Total Assessment $449,411

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ADDITIONAL PHOTOS

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  • Listing ID: 18903777

  • Date on Market: 3/18/2020

  • Last Updated:

  • Address: 529 S 4th St, Springfield, IL 62701

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