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2020 Cole Street

East Peoria, IL 61611
  • $650,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: PA1239770
UPDATED: 40 min ago
$650,000
  • 0
    BEDS
  • 1.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1957
County:
Area:

School Ratings & Info

Description

EXCELLENT OPPORTUNITY!! Very unique property that current owner has obtained a Res Zoning Special Use variance to operate a boutique hotel known as Medley Manor thats very popular as an Airbnb. This offering is for the house, land, & commercial building (not the business). Currently the 13,000 building is set up w/ over 14 themed BRs, 7 themed BAs, a 2000 sqft 50's styled common Dining Area, and 2000 sqft Rec Area-includes shuffle board, pool table, arcade, & much more. The dining area has a kitchen w/ food storage, stove, & prep space. The property sleeps over 50 (max of 80). The home was built in 1957 and has been well cared for. It has 1824 sqft with 4-5 BR, 1.5 BA , & attached garage. Great for someone who wants also live close to work or an excellent perk for an onsite manager. Property has met code requirements with regular city inspections and owner has updated almost the entire building. Convenient to interstate access.

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© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2023-03-23T10:45:21.43.
www.brysonsmithteam.com/homes/135816480
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2020 Cole Street East Peoria, IL 61611

  • Price: $650,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 40 min ago
  • ID#: PA1239770
0
Beds
0
Baths
0
½ Baths
1.18
Acres
1957
Built
Neighborhood:
Paar Area
County:
Tazewell
Area:
Paar Area
Property Description
EXCELLENT OPPORTUNITY!! Very unique property that current owner has obtained a Res Zoning Special Use variance to operate a boutique hotel known as Medley Manor thats very popular as an Airbnb. This offering is for the house, land, & commercial building (not the business). Currently the 13,000 building is set up w/ over 14 themed BRs, 7 themed BAs, a 2000 sqft 50's styled common Dining Area, and 2000 sqft Rec Area-includes shuffle board, pool table, arcade, & much more. The dining area has a kitchen w/ food storage, stove, & prep space. The property sleeps over 50 (max of 80). The home was built in 1957 and has been well cared for. It has 1824 sqft with 4-5 BR, 1.5 BA , & attached garage. Great for someone who wants also live close to work or an excellent perk for an onsite manager. Property has met code requirements with regular city inspections and owner has updated almost the entire building. Convenient to interstate access.
Exterior Features

Construction Materials Vinyl SidingBlock Roof Composition Shingle

Interior Features

Building Area Total 12893 Building Features Wireless Internet Cooling Central AirWall/Window Unit(S) Flooring CarpetTile/Vinyl Handicap Modified No Heating Forced AirGasIndividual Unit

Property Features

100 Year Flood Plain No Agent Owned No Disclosed Short Sale No Exemptions None Financing Cash OnlyConventional For Lease YN No For Sale YN Yes Foreclosure YN No Frontage Type City StreetCorner Lot Irregular Lot YN No Lease Term Not Applicable Levels OneBasement Net Operating Income -9086 Owner Pays All Utilities Possible Use Other Security System YN Yes Sewer Public Sewer Sprinkler YN Yes Tax Annual Amount 9086 Tax Incentive1 No Tax Year 2021 Tenant Pays Notapplic Type Commercial Water Source City Water/Connected Zoning Special

Listing provided courtesy of Adam Merrick of Adam Merrick Real Estate: homes@adammerrick.com.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2023-03-23T10:45:21.43.
 
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Bryson Smith Team | Keller Williams Premier Realty
4815 North Prospect Road
Peoria IL, 61616