Oregon, IL 61061,122 N 3rd ST
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Oregon, IL 61061,122 N 3rd ST
Oregon, IL 61061,122 N 3rd ST
Oregon, IL 61061,122 N 3rd ST
Oregon, IL 61061,122 N 3rd ST

$677,000

Est. payment /mo

$699,000

3.1%
Est.Price: ?

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122 N 3rd ST Oregon, IL 61061

7,500 SqFt

SOLD DATE : 11/08/2024

Key Details

Sold Price $677,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $90

MLS Listing ID 12173317

Sold Date 11/08/24

Annual Tax Amount $6,400

Tax Year 2023

Lot Dimensions 88X132

Property Sub-Type Bus / Bus w/Real Est

Property Description

Turn-Key Bed & Breakfast in Historic Downtown Oregon, IL - A Rare Investment Opportunity! Discover a rare gem in historic downtown Oregon, IL with this fully operational, turn-key Bed & Breakfast. Featuring 9 tastefully designed guest rooms, each with its own private bathroom, this property offers guests a comfortable and memorable stay. The grand upper and lower porches provide breathtaking views of the charming city, while the cozy eating area and commercial kitchen are perfect for hosting breakfast and events. The property also includes a fully finished lower level with additional recreational space, providing endless possibilities for guest entertainment or expansion of services. For the innkeeper, the spacious quarters come complete with a full kitchen, living area, and bathroom, ensuring a comfortable on-site living experience. The property also boasts on-site parking, a green space, and a patio, making it a versatile space for events or outdoor enjoyment. This well-reviewed bed and breakfast comes with an established rental history and has been meticulously maintained with many updates, including foundation work, plumbing, and electrical systems. With plenty of room for growth, this property offers both seasoned investors and aspiring owner-operators a unique opportunity to step into a thriving business with endless potential. Whether you're an experienced investor or dreaming of becoming an owner-operator, this property is your chance to own a piece of Oregon's historic charm with a profitable and well-maintained business.

Location

State IL

County Ogle

Area Oregon

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Building

Structure Type Brick,Stone

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Midwest Real Estate Data (MRED) IDX
Listed by Rebecca Hazzard of  RE/MAX of Rock Valley 
Bought with Timothy O'Neil of Phoenix Realty & Investment
Craig Hogan | Rudy Zavala

Craig Hogan | Rudy Zavala

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