Commercial Real Estate in Illinois available for sale
Parking Garages For Sale

Parking Garages for Sale in Illinois, USA

More details for 940 Clinton Ave, Farmer City, IL - Land for Sale

Vacant Commercial Opportunity - 940 E Clinton - 940 Clinton Ave

Farmer City, IL 61842

  • Parking Garage
  • Land for Sale
  • $205,390 CAD
  • 1.75 AC Lot
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More details for 402 W Boughton Rd, Bolingbrook, IL - Office for Sale

402 W Boughton Rd

Bolingbrook, IL 60440

  • Parking Garage
  • Office for Sale
  • $2,740,223 CAD
  • 12,065 SF
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More details for 1305 Black St, Pekin, IL - Flex for Sale

1305-1307 Black Street - 1305 Black St

Pekin, IL 61554

  • Parking Garage
  • Flex for Sale
  • $287,738 CAD
  • 3,632 SF
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More details for 809 Spring St, Galena, IL - Specialty for Sale

Commercial/Residential on Hwy 20, Galena - 809 Spring St

Galena, IL 61036

  • Parking Garage
  • Specialty for Sale
  • $546,702 CAD
  • 2,080 SF
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More details for 1106 S Main St, Lewistown, IL - Retail for Sale

Wash Zone Car Wash & Coin Laundry - 1106 S Main St

Lewistown, IL 61542

  • Parking Garage
  • Retail for Sale
  • $479,563 CAD
  • 3,816 SF
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More details for Church, Office, & Land Portfolio – for Sale, Madison, IL

Church, Office, & Land Portfolio

  • Parking Garage
  • Mixed Types for Sale
  • $239,782 CAD
  • 5 Properties | Mixed Types
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More details for 60 Four Corners Ln, Centreville, IL - Retail for Sale

60 Four Corners Ln

Centreville, IL 62207

  • Parking Garage
  • Retail for Sale
  • $376,800 CAD
  • 5,700 SF
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More details for 8905 W Cermak Rd, Riverside, IL - Retail for Sale

8905 W Cermak Rd

Riverside, IL 60546

  • Parking Garage
  • Retail for Sale
  • $1,094,774 CAD
  • 4,453 SF
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More details for 300 Rou des Chateaux, Bethalto, IL - Specialty for Sale

300 Rou Des Chateaux, Bethalto - 300 Rou des Chateaux

Bethalto, IL 62010

  • Parking Garage
  • Specialty for Sale
  • $1,363,329 CAD
  • 6,930 SF
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More details for Office and Office/Residential Assets – Office for Sale, Geneva, IL

Office and Office/Residential Assets

  • Parking Garage
  • Office for Sale
  • $3,048,651 CAD
  • 22,400 SF
  • 2 Office Properties
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More details for 112 Main, Goreville, IL - Health Care for Sale

112 W Main St Goreville IL - 112 Main

Goreville, IL 62939

  • Parking Garage
  • Health Care for Sale
  • $191,825 CAD
  • 1,200 SF
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More details for 6001 S 6th St Frontage Rd, Springfield, IL - Retail for Sale

6001 S 6th St Frontage Rd

Springfield, IL 62712

  • Parking Garage
  • Retail for Sale
  • $890,617 CAD
  • 5,036 SF
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More details for 7795 State Route 154, Baldwin, IL - Hospitality for Sale

K-River Motel & Campground - 7795 State Route 154

Baldwin, IL 62217

  • Parking Garage
  • Hospitality for Sale
  • $1,233,162 CAD
  • 1,450 SF

Baldwin Hospitality for Sale

K-River Motel & Campground is a quaint little investment property located in southern Illinois (near the STL Metro). The property is a combination of a year round 32-pad RV park and a 11-key motel. There are three additional "over-run" hookups that are utilized during peak season or for electric car charging. This is an ideal property for an "owner operator" to own as it also includes a really nice 3bed/2bath modular house on a poured concrete foundation with a basement (which also acts as the storm shelter for the RV park/motel). The house also has a fireplace. The house is heated by an exterior wood burning fireplace which supplies both the heat and hot water for the property. Why is it for sale? This is normally one of the first questions that I receive when listing a commercial property. This property has been owned by the current seller for over 22 years. It has been a profitable business for him. The seller is in his 60's and is a "single grandfather". He has recently taken custody of his 3-year old granddaughter, and he is finding it more difficult to balance his time between his new parenting responsibilities with the day-to-day operation of the park. The RV park is well laid-out and offers outstanding infrastructure. The RV portion was built in 2011. All of the electrical & plumbing work was installed by local Union workers. The water & sewer lines are both 3-inch copper. The water line was installed 54 inches deep. Tracer wire was installed at this time as well. Each grid of the RV park has its own 1500 gallon septic tank in addition to a 1000 gallon dosing tank. The property utilizes three separate shutoffs for the septic lines which is beneficial during periods of heavy rainfall. City water. Septic (four separate tanks). Gravel Road through park. Asphalt parking lot in front of motel in great shape. RV park is currently not back-billing electrical to monthly guests. The park utilizes one of the motel rooms as the office. All of the electrical pedestals offer 30 amp, 50 amp, and 110 GFI. All 32 of the RV sites are full-service. The 30-amp service currently runs $30/day, $140/week, and $450/month. The 50-amp service runs $35/day, $150/week, and $475/month. These rates include water, electric, trash, sewer, & internet. The motel charges $60/night, $280/week. The buyer of this property will also be buying a good portion of "goodwill" and repeat business. K-River Campground currently has a 4.3 rating on Google with nearly 60 reviews. So this Motel & Campground has largely catered to work crews in the area to work on the nearby power plants and pipelines. There are also several large infrastructure projects slated to begin in the near future which should increase demand for the rentals: •Ameren currently has 22 pipeline projects •Baldwin Power Plant has a planned outage starting in May •Prairie State Energy has a planned outage starting this coming Fall •Kaskaskia River dredging and manufacturing plant construction •Sparta airport being expanded The seller has ran all of his business interests and his personal business out of the same checking account. Also...a lot of the guests are fans of country music, in particular Johnny CASH. Therefor the financial records are not going to be accepted by virtually any lending institution with regards to underwriting financing. As a result we are not providing any financials on this property as they are not of service, and also don't accurately paint a picture on the income this property is generating. The new buyer will need to be a cash buyer, or able to finance this as if it was a "new enterprise"...probably requiring 20% down.

Contact:

Mr. Landman

Property Subtype:

Hotel

Date on Market:

2022-03-17

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More details for Investment Grade Portfolio Offering – Retail for Sale

Investment Grade Portfolio Offering

  • Parking Garage
  • Specialty for Sale
  • $541,221 CAD
  • 3,200 SF
  • 3 Specialty Properties
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More details for I-90 & Rt 20, Cherry Valley, IL - Land for Sale

SOLAR FARM, CANNABIS and more possible uses - I-90 & Rt 20

Cherry Valley, IL 61016

  • Parking Garage
  • Land for Sale
  • $3,343,239 CAD
  • 142 AC Lot
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More details for Interstate 55 & Toronto Road – Land for Sale, Springfield, IL

Interstate 55 & Toronto Road

  • Parking Garage
  • Land for Sale
  • $1,322,224 CAD
  • 1.85 AC
  • 2 Land Properties
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More details for 1461 Market St, Des Plaines, IL - Specialty for Sale

Building D - 1461 Market St

Des Plaines, IL 60016

  • Parking Garage
  • Retail for Sale
  • 11,619 SF
  • 1 Unit Available
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More details for 145 Tower Dr, Burr Ridge, IL - Flex for Sale

145 Tower Dr

Burr Ridge, IL 60527

  • Parking Garage
  • Industrial for Sale
  • 4,000 SF
  • 1 Unit Available
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More details for 340 North Ogden Avenue – for Sale, Chicago, IL

340 North Ogden Avenue

  • Parking Garage
  • Mixed Types for Sale
  • 2 Properties | Mixed Types
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More details for 1901 N Lewis Ave, Waukegan, IL - Flex for Sale

1901 N Lewis Ave

Waukegan, IL 60087

  • Parking Garage
  • Flex for Sale
  • 13,500 SF
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