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12241 Archer Avenue
Lemont IL 60439 US

$1,500,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 11147882
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$1,500,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 11147882
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12241 Archer Avenue Pleased to present for sale the D-Lux Budget Inn, located in the fast-growing southwest suburb of Lemont, Illinois. This property contains clean, well-appointed guest rooms, formal reception, parking for 33 vehicles, on-site laundry room, and large owner's living quarters. A total of 27 units, including 24 guestrooms and multiple owner's units, are spread out over two stories, with interior and exterior corridor entrances. Spacious guest rooms with a flat-screen television, refrigerator, and microwave. Owner's living quarters highlighted by over 2, 000 square feet of living area, 3 large bedrooms, 3 full bathrooms, chef's kitchen, and high-end finishes. Family owned and lovingly maintained for over 30 years. Turnkey business. Live on-site or convert owner's units to additional guest rooms. Great current cash flow and solid investment while still presenting a value-add opportunity with the potential for revenue growth. Situated on nearly 3/4 of an acre of land and zoned B-3, this prime location is near the renowned Cog Hill Golf and Country Club, The Forge Adventure Park, shopping, dining, expressways, and METRA. Located just 45-minute drive from Chicago and 30 minutes from Oakbrook. Excellent exposure near the highly trafficked intersection of Archer Avenue and McCarthy Road. No other lodging within 10 miles of property. New AC/Heat in all rooms. Newer roof and water heater. Well maintained but being sold "as is". Property tours will be available by appointment only. To schedule a property tour, please contact the listing broker. Please do not contact the Motel directly nor visit the Property without scheduling a tour with the brokerage. At no time shall the on-site management or staff be contacted without prior approval.

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Property Features

  • Facts
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Roof Type: Unknown
  • Heating Systems: Central Furnace
Listing Changed: 9/26/2021 9:22:58 PM GMT
Source Updated Date: 10/25/2021 6:30:03 AM GMT

Courtesy of: James Chipain, Realty Executives Elite

Listing Source - ListHub

Copyright © 2021 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.