Patchwork Inn | 122 N 3rd St
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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 | Building Size | 11,320 SF |
Price Per Room | $99,081 CAD | No. Rooms | 10 |
Sale Type | Investment | No. Stories | 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 | $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 | - |
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PROPERTY TAXES
Parcel Number | 16-03-160-006 | Improvements Assessment | $69,181 CAD |
Land Assessment | $19,360 CAD | Total Assessment | $88,540 CAD |
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) |
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Patchwork Inn | 122 N 3rd St
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