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Listing Courtesy of Preferredco Realty & Investments

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- 84 Units, 3 Story, Brick, Indoor Corridor, Pool, Work out facility, Selling AS IS. Many recent upgrades include New updated parking lot August 2016, New Roof 2015, New 2 Hot Water Heater Tank, New Paint in hallways and in most of Rooms, updated bath rooms, asking price is less then 2.5 times room revenue. Must sign NDA to get hotel financials. Buyer must provide his or her financial statement.

Listing information

  • MLS® ID: 09297165
  • Stories: 3
  • Foreclosure: No
  • Style: Business
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $25,000
  • Status: Active with Contingency
  • New Construction: No
  • County: Winnebago

Features

Air Conditioning Wall Sleeve
Business Age 11+ Years
Business Type Hotel or Motel
Confidentiality Or Non-Disclosure Agreement Requir Yes
Construction Brick
Contingency Flag Attorney/Inspection
Current Use Commercial
Franchisor Feed(y/n) No
Frontage/Access State Road
Heat/Ventilation Wall Unit
Information 48-Hr Notice Required, No Sign on Property, Non-Disclosure Agreement, Short Notice OK
Known Encumbrances First Mortgage
Location Central Business District
Lot Size 2.0-2.99 Acres
Misc Inside Common Exercise Room/s, Elevator/s Passenger
Other # Of Emp Full Time - 5, # Of Emp Part Time - 4, Adjusted Net Income - 000000, Annual Rent For Real Estate - 000000, Approx Land Sq Footage - 45229, Approx Total Bldg Sq Ft - 45229, Business Name (If Confidential, Leave Blank) - Travel Inn Hotel, Gross Profit - 000000, Gross Profit Year - 2015, Gross Sales Ann Year - 2015, Gross Sales Annual - 000000, Inventory Year - 2015, Net Operating Income Year - 2015, Net Profit - 000000, Sales Taxes - 000000, Sales Taxes Year - 2015, Tax Year - 2015, Total Op Exp Year - 2015, Zoning Type - Commr
Outdoor Parking Over 100 Spaces
Ownership Type Corporation
Possession Closing, Negotiable, Other, Prior to Closing, Specific Date
Property Offered For Sale Only
Property Type Bus / Bus w/Real Est
Real Estate Included? (Y/N) Yes
Roof Coverings Shingle Composition
Sale Price Includes Building, Business, Equipment, Land, Owner Will Train, Trade Fixtures
Sale Terms Cash Only, Conventional, Wrap Around
Tenant Pays Air Conditioning, Electric, Heat, Insurance, Janitorial, Operating Stops, Real Property Taxes, Repairs and Maintenance, Roof, Scavenger, Structure, Water/Sewer
Type Of Lease None
Type Ownership (Business) Corporation
Waterfront (Y/N) No
Listing Courtesy of Preferredco Realty & Investments