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    625 Washington St Pittsfield, IL 62363

    Sponsored
    For Sale
    $1,395,000

    20-Room Hotel, Great Location, High ROI

    Property size:
    12,396 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 12,396 square foot commercial property, located at 625 W Washington Street in Pittsfield, Illinois, presents a lucrative investment opportunity. The Green Acres Hotel boasts 20 well-appointed guest rooms, including 13 non-suite and 7 suite rooms, each equipped with flat-screen televisions, complimentary wireless internet, cable programming, private bathrooms with toiletries and hair dryers, desks, and phones. The hotel also features a spacious breakfast/gathering room with a 50-person capacity, perfect for hosting events or providing a comfortable communal space for guests. Additional amenities include a self-serve laundry, an office, public restrooms, a relaxing patio, a lobby fireplace, a picnic area, and barbecue grills. Situated on a 0.75-acre lot, the hotel enjoys a prime location, steps away from Illini Community Hospital and within easy reach of various local amenities and attractions. Its proximity to the Mississippi River (27 miles) and the Illinois River (11 miles) adds to its appeal. The property is commercially zoned within the city of Pittsfield, ensuring permitted uses and flexibility for future development. The asking price for this established hotel is $1,395,000. Adjacent properties and businesses are also available for sale, presenting potential for expansion or synergistic ventures. This is a rare opportunity to acquire a well-established and profitable hotel in a desirable location.

    Property Features for 625 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,396 SF
    Lot Size
    32,670 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Acres Hotel Hotel The Hooterville Cafe Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Pike
    State
    Illinois
    Longitude
    -90.81496
    Latitude
    39.60632

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    FAQs

    What type of property is this?
    Commercial real estate - 20-Room Hotel, Great Location, High ROI
    Where is this commercial real estate located?
    The property is located at 625 Washington St Pittsfield, IL.
    What is the asking price?
    The asking price for this property is $1,395,000.
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    625 Washington St Pittsfield, IL 62363
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    Pittsfield, IL 62363
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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
    625 Washington St Pittsfield, IL 62363
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