205 Powers Road
Rochelle, IL, 61068 $ 399,000
Bedrooms4 Baths0.0 Monthly Estimate*
$ 2,652
for $399,000 with 4 bedrooms. This home was built in 1957.
Nestled in the heart of Rochelle, IL, at 205 Powers Rd, this cherished family-owned motel presents a unique investment opportunity. For over four decades, this property has been a staple of hospitality, offering both short-term accommodations and long-term tenancies. Situated on a generous .89-acre lot, it features an expansive parking area and a serene, grassy space behind the building, ideal for guest relaxation or potential expansion. The motel spans 3,684 square feet, with a total of 11 units divided into 5 single rooms, 5 double rooms, and a spacious 2-bedroom apartment, complete with a bathroom, living room, and kitchen. This apartment offers a perfect living solution for an onsite owner or manager, blending business with comfort. The facility also includes a small office area to facilitate smooth operations. Financially, this property has consistently demonstrated solid performance, with normal annual income ranging from $60,000 to $70,000. This is supported by a blend of short-term room rates-$50 per night for a single room and $60 for a double, with weekly rates of $300 and $350 respectively-and monthly rentals to long-term tenants. These tenants, five in total, contribute significantly to the motel's stability and income, with annual rent from regular tenants alone amounting to $53,160, before even considering motel rentals. The property's expenses are well managed, with total costs in 2023 (including property taxes) amounting to $21,921.81, leading to an average annual profit between $40,000 and $50,000 for the owners. It boasts a new roof installed 12 years ago and well-maintained mechanical systems, ensuring that the next owners will inherit a property in good working order. Located at 205 Powers Rd, Rochelle, IL 61068, this motel not only offers a solid financial foundation but also potential for growth. Whether maintaining its current operation, enhancing its promotion and advertising, or converting it into studio/efficiency apartments, the possibilities are vast. This opportunity is particularly appealing for those looking to step into a well-established business with room for innovation and expansion. The current owner, seeking retirement after years of dedication, has managed the property with minimal onsite presence, highlighting a significant opportunity for improvement and increased profitability for hands-on management. This is an excellent chance for someone ready to take this longstanding establishment to new heights, building on its legacy and exploring new avenues for success. In summary, 205 Powers Rd offers a blend of tradition, potential, and financial stability, making it an attractive proposition for anyone looking to invest in the hospitality industry or explore the realm of property management and development.
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FeaturesGeneralRoof Composition
Construction Materials Brick
Year Built 1957
Tenant Pays None
Stories 1
Township Flagg
Tax Year 2022
Gross Income 70000
County Ogle
Net Operating Income 49000
Operating Expense 21000
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Possible Use Condominium Multi-Family
Status Active
Directions Take N I-39 ALT to Hillcrest west Immediate left turn on Powers rd South. Arrive 2 Blocks down.
City Rochelle
Total Units 11
MLS Area Flagg Center / Hillcrest / Kings / Rochelle
Street Name Powers
Tax Annual Amount 5287
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 6
Standard Status Active
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ExteriorFoundation Details Concrete Perimeter
Lot Dimensions .89
Frontage Type Frontage Road
Exterior Brick
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* Excluded FeaturesList ByEatz Real Estate Group LlcBroker
ted@eatz-associates.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,652
- Monthly Property Taxes
- $441
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Rochelle, IL
Average List Price $239,633
Percent of Sale Price 40%
About Rochelle, IL 9,785 Population
0% Since 2002
$ 46,667 Median Income
37.04 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/3/2024 | $399,000 | | Listed Price |