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8290 Old Highway 50, Flora, IL 62839

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For Sale

$450,000

20 beds • 20 baths • 7,348 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $61.24
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Well-known and still in operation, this nostalgic motel sits on 2.39 acres on the edge of Flora and offers strong income with plenty of potential to expand. Property includes two single-story motel wings with a total of 15 clean, income-producing guest units, a duplex with two additional living quarters, and a charming cabin. The spacious owner's residence features 2-3 bedrooms, 1-2 baths, large living room with fireplace, full kitchen, jacuzzi tub, Florida room, and patio. Guests are welcomed by a large lobby, laundry and supply area, attached carport, and detached garage. Updates include newer roofs and LED exterior lighting. Excellent visibility along Old Hwy 50 with easy circle-drive access. Long-standing business with great repeat clientele-opportunity to continue its legacy or expand your investment vision. Optional additional home purchase available.
MLS# 11612716

Courtesy Of AMY LEE REALTY LLC

(618) 662-3170

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Architecture Style
    Ranch
  • Exterior Type
    Brick, Vinyl Siding, Wood Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Laminate, Linoleum, Tile
  • Heating System
    Forced Air
  • Lot Size
    2.39 Acres
  • Roof Type
    Asphalt
  • Rooms
    Bonus Room, Den, Dining Room, Family Room, Living Room

Map and Directions

Directions to 8290 Old Highway 50, Flora, IL 62839

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.