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1355 N State St
Belvidere, IL 61008

Price Upon Request

Hotel For Sale  •  5,484 SF

Property Details

  • Property Type Hotel
  • Total Building Size 5,484 SF
  • Lot Size 3.43 AC
  • Building Class C
  • Year Built 1951
  • Zoning B-2
0 Transit Score
63 Walk Score

Highlights

Owner Occupied Opportunity / Redevelopment Opportunity / Value Add Opportunity
The 15 Room Motel sports an on-site Car Wash.
3 parcels with State St Frontage.
Preliminary plans for Holiday Inn Express redevelopment.
2021 NOI of $75,298

Financial Summary (Actual)

Net Operating Income: $75,298 USD (2021)
Total Expenses: $59,899 USD

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Public Transportation

AirportDriveWalkDistance
Chicago/Rockford International 32 min - 20.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes