Pr Rd Oreana, IL 62554
A-1”, “A-2”, “A-3” Residence Districts are more restricted than the “B” Commercial District; the “B” Commercial District is more restricted than the “C” Industrial District. MOTEL , MOTOR HOTEL or MOTOR COURT. A building or group of related buildings in which lodging is provided or offered for compensation to transient guests customarily traveling by automob…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
A-1 · Oreana, ILA-1”, “A-2”, “A-3” Residence Districts are more restricted than the “B” Commercial District; the “B” Commercial District is more restricted than the “C” Industrial District. MOTEL , MOTOR HOTEL or MOTOR COURT. A building or group of related buildings in which lodging is provided or offered for compensation to transient guests customarily traveling by automobile. NON-CONFORMING USE. Any building or land lawfully occupied by a use at the time of passage of this chapter or any amendment thereto, which does not conform after the passage of this chapter or amendment thereto with the use regulations of the district in which it is situated. The term also includes any use of a building or land which becomes non-conforming by virtue of being annexed to the village subsequent to the passage of this chapter. PARKING SPACE. A surfaced area of at least 180 square feet located on the same lot as the building or use it is intended to serve and of such shape as to be suitable for parking or storage of a motor vehicle. The minimum area is exclusive of driveways which give convenient access between the PARKING SPACE and a street serving the lot. SERVICE STATION. Any building, structure or land used for the dispensing, sale or offering for sale at retail of any automobile fuels, oils or accessories, including lubrication of automobiles and replacement or installation of minor parts and accessories, but not including major repair work such as motor replacement, body and fender repair or spray painting. When such services are incidental to the conduct of a public garage, the use shall be classified as a public garage. STORY. The portion of a building, other than a cellar or basement, included between the surface of any floor and the surface of the floor next above it or, if there is no floor above it, the space between the floor and the ceiling next above it. STORY, HALF. A partial story under a gable, hip or gambrel roof, the wall plates of which on at least two opposite exterior walls are not more than four feet above the floor of such story; except that, any partial story used for residence purposes, other than for a janitor or caretaker or his or her family, or by a family occupying the floor immediately below it, shall be deemed a full story. STREET. Any public or private way set aside as a permanent right-of-way which affords the principal means of access to abutting property. STRUCTURE.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.