Property for Sale: 200 Linden, Rantoul, IL 61866 SOLD

$512,500
$512,500
200 Linden, Rantoul, IL 61866 SOLD
$512,500
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Selling Price: $512,500
Original List Price: $3,600,000
Sold at 14.2% of list price
Sold Date: 01/30/2023

Type Commercial

City Rantoul
County Champaign

MLS 09485542
Status Closed
"""PURCHASER OF THIS PROPERTY AT FULL PRICE OR MORE MUST CLOSE ON IT BEFORE 31 JAN 2023 IN ORDER TO GET THIS DISCOUNTED FANTASTIC PRICE..""" STORY MOTEL WITH ELEVATOR, 198 ROOMS OR WHICH 32 ARE KINGS, 6 ARE QUEENS AND 159 ARE FULL'S. ROOMS HAVE REFRIGERATORS, MICROWAVES AND TELEVISIONS, TWO BUILDINGS, ELEVATOR IN EACH, WITH 98 ROOMS IN THE FRONT BUILDING AND 100 IN THE REAR BUILDING, THE REAR BUILDING HAS PTAC UNITS WHICH ARE APPROXIMATELY10 YEARS OLD, THE FRONT BUILDING HAS WINDOW AC UNITS AS THE CENTRAL AC IS NOT FUNCTIONING AT THIS TIME AND CENTRAL HEATING SYSTEM MOTEL INCLUDES TWO CONFERENCE ROOMS WITH TWO VENDING AREAS IN EACH BUILDING. ATTACHED WALKWAY BETWEEN BUILDINGS WHICH CONTAINS AN IN DOOR POOL AS WELL AS OUTDOOR POOL. LARGE PARKING LOT WEST OF THE BUILDINGS AS WELL AS SEVERAL BY FRONT ENTRANCE..FACILITY HAS ALSO BEEN UTILIZED AS UNIVERSITY OF ILLINOIS FOOTBALL TRAINING CAMP FOR SEVERAL YEARS AS WELL AS NUMEROUS SOCCER TEAM AND HIGH SCHOOL FOOTBALL EVENTS..FOOTBALL AND SOCCER FIELDS JUST NORTH OF THE MOTEL..FULL SCALE BANQUET FACILITIES JUST WEST OF THE MOTEL IN THE LINDEN BANQUET CENTER. (FORMER CHANUTE AFB OFFICER'S CLUB) AND OWNED BY ANOTHER INDIVIDUAL BUT VERY COOPERATIVE WITH LARGE GROUPS OF EVENT DINING.. OCCUPANCY RATES SHOULD MUSHROOM WITH THE CONSTRUCTION OF THE NEW OUTDOOR SPORTS COMPLEX COMPLETED IN 2022 ON THE WEST SIDE OF RANTOUL.. AND THE ACTIVATION OF A TEST VEHICLE TRACK BY THE UNIVERSITY OF ILLINOIS IN THE VERY NEAR FUTURE HIGHLY MOTIVATED SELLER !!!

Lot & Building Features

Construction Block, Brick
Cooling Central Air, Central Individual
Tax Year 2021
Lot Dimensions 395 X 518 ft

Price History of 200 Linden, Rantoul, IL

Date Name Price Difference
12/20/2022 Price Adjustment $512,500 79.50%
11/04/2021 Price Adjustment $2,500,000 30.56%
12/31/1969 Listing Price $3,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 200 Linden, Rantoul, IL

Location Map Street View
Photo of Ann Prendergast
Direct: 708-289-1201
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by REALTY 2000,INC, Herman Fogal
Sold by REALTY 2000,INC, Herman Fogal
$
20%
1%
6.75%
$
$
$
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Principal & Interest
Monthly Taxes
Monthly HOA
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: REALTY 2000,INC