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506 N Hanover Street

OKAWVILLE, IL 62271
  • $1,750,000
  • STATUS: Active
  • ON SITE: 15 days
  • ID#: 21032061
$1,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1891
County:

School Ratings & Info

Description

What a unique opportunity to own a one of a kind business that has been around since 1867. Take a step back in time when you visit this listing. Small town, simple life, & friendly people around every corner. The property has been giving mineral baths since 1868. Still drawing from the same springs to this very day. After your bath you can enjoy a sit in a sauna, relaxation cots, a personal massage, or a dip in the pool. The hotel currently has 36 rooms for guests in all different kinds of sizes. Plus a 3 bedroom apartment that an owner could live in or just rent it out for more income. The Boiler Room Restaurant offers a white linen dining experience. They are known for their American cuisine and serving Prime Rib 7 days week. There are 2 banquet rooms available to accommodate business or personal gatherings. Steampot Lounge is the bar in the rear of the building. The property has 2 parcels the block that the building stands plus an additional 3 acre parcel just east of the property.

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Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-12T23:48:52.603.

Fusion Realty, LLC: 618.781.9170
www.fusionrealtyhomes.com/homes/117699380
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506 N Hanover Street OKAWVILLE, IL 62271

  • Price: $1,750,000
  • Status: Active
  • ID#: 21032061
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1891
Built
County:
Washington-Il
Property Description
What a unique opportunity to own a one of a kind business that has been around since 1867. Take a step back in time when you visit this listing. Small town, simple life, & friendly people around every corner. The property has been giving mineral baths since 1868. Still drawing from the same springs to this very day. After your bath you can enjoy a sit in a sauna, relaxation cots, a personal massage, or a dip in the pool. The hotel currently has 36 rooms for guests in all different kinds of sizes. Plus a 3 bedroom apartment that an owner could live in or just rent it out for more income. The Boiler Room Restaurant offers a white linen dining experience. They are known for their American cuisine and serving Prime Rib 7 days week. There are 2 banquet rooms available to accommodate business or personal gatherings. Steampot Lounge is the bar in the rear of the building. The property has 2 parcels the block that the building stands plus an additional 3 acre parcel just east of the property.
Exterior Features

Building Type 3 Stories Or MoreMixed UseRestaurant Exterior BrickWood Land Info Included Parking Description Gravel Road Access City Street Road Frontage 208 Roof Built UpMetal Unit Location Downtown

Interior Features

Cooling Wall Unit(S)Central-ElectricOther Heating Forced AirSteamOther/None Interior Walls Concrete/BlockDrywallPlaster

Property Features

Association Realtor Association Of Southwestern Illinois Building Fuel Gas Commercial Property Type Commercial LandHotel Land Conditions Unknown Cross Street Address Walnut St Current Use Restaurant/BarMotel/HotelRestaurant Disclosures Code Compliance Reqd Electric Service 220 V Gross Operating Income 0.00 Net Income 0.00 Possible Buyer Fees YN No Sale Includes Land/Building & Bus Selling Terms CashConventional Sewer Public Special Description No Exemptions Special Listing Conditions None Tax Year 2020 Taxes Paid 20673 Total Expenses 0.00 Utilities Available CableElectricGasWaterSewerTelephone Water CisternPublicWell Zoning Commercial

Listing provided courtesy of Strano & Associates. Listing information © 2021 Mid America Regional Information Systems, Inc.
Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-12T23:48:52.603.

Fusion Realty, LLC: 618.781.9170
 
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