625 Washington StPittsfield, IL 62363

Property Details for 625 Washington St

Year built

2011

Lot size

1.91 AC

Property size (Sq ft)

12,291 SF

Property type

Commercial real estate

APN

5410103

APU

5410103

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,763,898

  Hospitality

  $3,447,711

  Educational

  $2,868,455

  Medical

  $2,967,106

  Retail

  $4,462,041

Location Insight

City

Pittsfield

County

Pike

State

Illinois

Latitude

39.6061

Longitude

-90.8145

Property Tax & Assessments

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