8290 Old Highway 50
$450,000
8290 Old Highway 50, Flora, IL 62839
2.39 acres
Lot Area
1949
Year Built
Details:
Highlights:
- GarageType: Detached
- GarageSpaces: 1
- ConstructionType: Frame
- RenovationYear: 2023
Description:
Well-known and still in operation, this nostalgic motel sits on 2.39 acres on the edge of Flora and offers strong income with plenty of potential to expand. Property includes two single-story motel wings with a total of 15 clean, income-producing guest units, a duplex with two additional living quarters, and a charming cabin. The spacious owner's residence features 2-3 bedrooms, 1-2 baths, large living room with fireplace, full kitchen, jacuzzi tub, Florida room, and patio. Guests are welcomed by a large lobby, laundry and supply area, attached carport, and detached garage. Updates include newer roofs and LED exterior lighting. Excellent visibility along Old Hwy 50 with easy circle-drive access. Long-standing business with great repeat clientele-opportunity to continue its legacy or expand your investment vision. Optional additional home purchase available.
Location
Gallery
