Patchwork Inn | 122 N 3rd St
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Patchwork Inn 122 N 3rd St
10 Room Hotel Oregon, IL 61061 £547,527 (£54,753/Room)
Investment Highlights
- Historic building
- on-site pakring
- Turn-key
Executive Summary
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.
Property Facts
Price | £547,527 | Building Size | 11,320 SF |
Price Per Room | £54,753 | No. Rooms | 10 |
Sale Type | Investment | Number of Floors | 2 |
Property Type | Hospitality | Year Built/Renovated | 1835/2004 |
Property Subtype | Hotel | Parking Ratio | 1.3/1,000 SF |
Building Class | B | Corridor | Exterior |
Lot Size | 0.27 AC |
Price | £547,527 |
Price Per Room | £54,753 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 0.27 AC |
Building Size | 11,320 SF |
No. Rooms | 10 |
Number of Floors | 2 |
Year Built/Renovated | 1835/2004 |
Parking Ratio | 1.3/1,000 SF |
Corridor | Exterior |
Amenities
- Patio
- Barber/Hair Salon/Beauty Shop
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 10 | £116.71 | - |
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PROPERTY TAXES
Parcel Number | 16-03-160-006 | Improvements Assessment | £38,924 |
Land Assessment | £10,893 | Total Assessment | £49,816 |
PROPERTY TAXES
Parcel Number
16-03-160-006
Land Assessment
£10,893
Improvements Assessment
£38,924
Total Assessment
£49,816
zoning
Zoning Code | CMMR (Commercial) |
CMMR (Commercial) |
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Patchwork Inn | 122 N 3rd St
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