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Patchwork Inn 122 N 3rd St

10 Room Hotel Oregon, IL 61061 $990,812 CAD ($99,081 CAD/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 $990,812 CAD
Price Per Room $99,081 CAD
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
No. Stories 2
Year Built/Renovated 1835/2004
Parking Ratio 1.3/1,000 SF
Corridor Exterior

Amenities

  • Patio
  • Barber/Hair Salon/Beauty Shop
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 10 $211.20 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-03-160-006
Land Assessment
$19,360 CAD
Improvements Assessment
$69,181 CAD
Total Assessment
$88,540 CAD

zoning

Zoning Code CMMR (Commercial)
CMMR (Commercial)
  • Listing ID: 33381385

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: 122 N 3rd St, Oregon, IL 61061

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