Hotel with 24 Guest
142 Smith Barry, IL 62312
For Sale
$400,000
MULTI_FAMILY - Barry, IL
Lot Size2.00 Acres
Days on Market933
Property Features for 142 Smith
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 2.00 Acres
Listing Agency:
Hometown Real Estate / Pioneer Land Company
(217) 285-4502
Listed By:
Megan Wilson
(217) 285-6000
Added: Jan 2, 2024
Changed: Jul 2
Last Checked: Jul 23 at 9:06PM
MLS# 11234669
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Investment Insights
Based on property information with market context.
This for-sale hospitality property is set on a two-acre lot within city limits and is currently operating as a hotel. The building includes 24 guest rooms plus a lounge with a private room that was used as a gaming room. There is also a two-bedroom apartment with a full kitchen, providing flexible on-site living or alternate use options. Selected furnishings and operating items, including linens, beds, and washer/dryers, are negotiable with the sale.
The property is located on Highway 106 close to Interstate I-72, offering straightforward regional access for travelers and prospective guests. As it sits within city limits, it may be suitable for buyers looking for an in-town hospitality asset with convenient connectivity.
Given the existing mix of guest accommodations, common/lounge space, and an on-site two-bedroom unit, the property may fit operators seeking a turnkey hospitality layout with multiple functional areas. Interested parties should review the negotiable personal property items and the buyer eligibility details tied to the Barry Business Booster Program, which is described as offering free sewer and water for one year, free Adams Fiber internet for one year, and up to $10,000 in seed funding, subject to qualification.
The property is located on Highway 106 close to Interstate I-72, offering straightforward regional access for travelers and prospective guests. As it sits within city limits, it may be suitable for buyers looking for an in-town hospitality asset with convenient connectivity.
Given the existing mix of guest accommodations, common/lounge space, and an on-site two-bedroom unit, the property may fit operators seeking a turnkey hospitality layout with multiple functional areas. Interested parties should review the negotiable personal property items and the buyer eligibility details tied to the Barry Business Booster Program, which is described as offering free sewer and water for one year, free Adams Fiber internet for one year, and up to $10,000 in seed funding, subject to qualification.
Key Highlights
- 2‑acre lot within city limits right on Highway 106, close to Interstate I‑72
- Currently operating as a hotel with 24 guest rooms
- Includes lounge plus a private room that was used as a gaming room
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
FAQs
What type of property is this?
Hotel - For-sale hotel property featuring 24 guest rooms, a lounge with private gaming-style room, and an on-site two-bedroom apartment.
Where is this hotel located?
The property is located at 142 Smith Barry, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2‑acre lot within city limits right on Highway 106, close to Interstate I‑72; Currently operating as a hotel with 24 guest rooms; Includes lounge plus a private room that was used as a gaming room
