3420 N 22nd Street, Decatur, IL

$195,000

Pending

1.57 Acres

About 3420 N 22nd Street

Value-Add Investment Opportunity! Situated on Illinois Route 48, the Tri-Manor Motel offers excellent visibility and is centrally located in the Northeast corridor of Decatur. The property consists of 19 units with lobby, all on a 1.57 acre parcel. Motel is currently in operation with an on-site manager. According to the manager rental rates are $50 per night and $250 per week. Please don't disturb guests/tenants. Great opportunity to make improvements and continue current operations with Airbnb or redevelop to traditional multifamily use. Current assessed Fair Market Value is $253,000. Contact broker for all inquiries.

Facts & Features

MLS® # 6222780
Price $195,000
Bathrooms 0.00
Acres 1.57
Year Built 1955
Type Single Family
Sub-Type Multi Family
Status Pending
Taxes $8,244
Tax Year 2020

Community Information

Address 3420 N 22nd Street
City Decatur
County Macon
State IL
Zip Code 62526

Amenities

Parking Garage, Detached
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater
Cooling Window Unit(s)
Fireplace No
# of Stories 1
Stories One

Exterior

Roof Shingle

School Information

District Decatur Dist 61

Additional Information

Date Listed August 24th, 2022
Days on Market 76
Zoning B-2
HOA Fees 0.00

Listing Details

AgentZane Peterson
OfficeMain Place Real Estate

Listing Map

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