205 Powers Road

205 Powers Road

Rochelle, IL 61068

$399,000
Price
12
Beds
11
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a house with a patio
a view of a house with large trees and covered with tall trees
a front view of a house with a garden and yard
a front view of house with yard
a view of a house with a yard and sitting area
a view of a house with a yard
a view of a house with a yard
a large white building with a big yard and large trees
a building outdoor space with seating space

Description

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...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.
  1. Listed by Theodore Aretos • EatZ Real Estate Group LLC

Property Details for 205 Powers Road

Area
Flagg Center / Hillcrest / Kings / Rochelle
Township
Flagg

Location

Listing Courtesy of EatZ Real Estate Group LLC
Add your commute
LISTING UPDATED: 04/08/2024 12:06 AM

Property Details for 205 Powers Road

StatusActive
MLS #12019388
Days on Market40
Taxes$5,287 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1957
Lot Size0.89 AC / 38,768 SF
CountyOgle County

Location

Listing Courtesy of EatZ Real Estate Group LLC
Add your commute

Building Information for 205 Powers Road

Stories-Residences11Year Built1957Building Size-Lot Size0.89 AC / 38,768 SF

Payment Calculator

$2,618 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$441

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 205 Powers Road

General Information
Addtl Parking Information
  • Open Parking Spaces: 12.0
Location and General Information
  • Frontage Type: Frontage Road
  • Information: Other-See Remarks,No Sign on Property,Highly Confidential
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Wall Unit
  • Num of Baths: 11.0
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: 26-35 Years
  • Multi-Family Type: Other
  • Lot Dimensions: .89
  • Stories: 1
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
Property and Assessments
  • Possible Use: Condominium, Multi-Family
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Location: High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $70,000.00
  • Gross Scheduled Income: $60,000.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Janitor Expense: 0
  • Total Monthly Income: 5833
  • Net Operating Income: $49,000.00
  • Operating Expense: $21,000.00
  • Other Expense: $21,000.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 205 Powers Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 Powers Road

Taxable ValueLand$12,585Additions$46,211Total$58,796
Tax Record2022$5,288 ($441 / month)
Home Facts
Beds0Total Finished SqFt3,684 SqFtAbove Grade Finished SqFt3,684 SqFtStories1StyleSingle Family ResidenceCountyOGLEAPN24-12-378-018

Schools near 205 Powers Road

This home is within Rochelle Twp Hsd 212 School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - PK to 5
Rochelle Middle School
Public - 6 to 8
Rochelle Twp High School
Public - 9 to 12
Tilton Elementary School
Public - PK to 5
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

Rochelle Middle School
Public6 to 8

Rochelle Twp High School
Public9 to 12

Tilton Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Hillcrest

Neighborhoods

Cities

ZIPs

More information about 205 Powers Road, Rochelle, IL 61068

205 Powers Road is a multi-family home for sale in Rochelle, IL 61068. This property was listed for sale on April 2, 2024 by EatZ Real Estate Group LLC, it's currently listed at $399,000. This listing's school districts are Rochelle Twp Hsd 212 School District, Rochelle Central Consolidated School District 231. Nearby schools include Lincoln Elementary School, Rochelle Middle School and Rochelle Twp High School. 205 Powers Road is a 12-bed, 11-bath, multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EatZ Real Estate Group LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/08/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.