Loves Park, IL 61111 4702 N 2nd Street
$750,000



31 more
































Presented By: Exit Realty Redefined
Home Details
Prominently located, established Motel in the lively neighborhood of Loves Park, IL. Standing proudly near the gateway of Loves Park and Rockford IL, this unique opportunity benefits from substantial vehicular traffic. This property boasts a total of 26 well-maintained rooms, most of which were remodeled in past five years ago and some new remodels this 2024. Perfect for the seasoned investor or a buyer looking to diversify, this is a rare chance to acquire a turn-key business in a key location with high visibility and accessibility. Two buildings totaling 26 rooms and 24 marked parking spaces but with room for more. Main building offers a small office/reception. On the upper lever you'll find a whole living area with Kitchen, Living room, 4 Bedrooms and 4 Full baths! Can be lived in and run your business from home or can be rented out as well. A true business gem!
Presented By: Exit Realty Redefined
General for 4702 N 2nd Street
Additional Parcels Y/NNo
Business NamePARK MOTEL
Business TypeHotel/Motel
CityLoves Park
CoolingWindow Unit(s)
CountyWinnebago
DirectionsAubin N on 252 / 2nd to property
Lease TypeN/A
Lot Size Square Feet22226
MLS AreaLoves Park
ModificationTimestamp2024-09-23T05:30:26.627Z
Operating Expense1
PossessionClosing
Property TypeBusiness Opportunity
Property TypeBus / Bus w/Real Est
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount10145
Tax Year2023
ZoningCOMMR
Exterior for 4702 N 2nd Street
Building Area Total1
Lot Dimensions147X151
Waterfront Y/NNo
Additional Details
Price History
