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    142 Smith St Barry, IL 62312

    For Sale
    $500,000

    Multi-Unit - Barry, IL

    Days on Market:
    158
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 142 Smith St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage

    Building Details

    Architectural style
    Other

    Hometown Real Estate (217) 285-6000

    Listing agent Megan Wilson (217) 285-4502

    Listing date Jul 1, 2025

    MLS# 11234669 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Hotel with Potential

    Located within city limits on Highway 106, near Interstate I-72, this property is currently used as a hotel. It features 24 guest rooms and a lounge with a private room previously used as a gaming area. Additionally, there is a two-bedroom apartment with a full kitchen. The property sits on a 2-acre lot. Linens, beds, and washer/dryers are negotiable. The property could qualify for the Barry Business Booster Program, offering free sewer and water for one year, one year of free Adam's Fiber internet, and up to $10,000 in seed funding.
    Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    apple basket farms, Ice House Inn

    Location Insight

    • Map
    • Local Demand
    City
    Barry
    County
    Pike
    State
    Illinois
    Longitude
    -91.043896
    Latitude
    39.700817

    Nearby Similar for Sale

    • $61,000

      Barry, IL Commercial Property

      Commercial property with storefronts and apartment potential in Barry, IL.
      725 Bainbridge St, Barry, IL 62312
      View Details
    • $44,900
      1,080 SF

      Historic Barry Commercial Building

      1080 sq ft, charming, AS-IS
      853 Main St, Barry, IL 62312
      View Details

    FAQs

    What type of property is this?
    Motel - 24-room hotel with apartment on 2 acres near I-72.
    Where is this motel located?
    The property is located at 142 Smith St Barry, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - 2 acre lot within city limits, close to Interstate I-72; - Potential to qualify for Barry Business Booster Program (free utilities, internet, and seed funding); - Currently operating as a 24-room hotel
    (217) 285-4502
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    Barry, IL 62312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 Smith St Barry, IL 62312
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