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506 N Hanover

OKAWVILLE, IL 62271
  • $597,000
  • STATUS: Active Under Contract
  • ON SITE: 371 Days
  • ID#: 23028601
Under Contract
UPDATED: 202 min ago
$597,000
  • 0
    BEDS
  • 2.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,323
    SQFT
  • $29
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1893
County:

School Ratings & Info

Description

Located in the heart of historic Okawville, approximately 44 miles southeast of Downtown St. Louis, the Original Springs Hotel was established in 1867. The last remaining mineral springs in Illinois, it has 4 separate wells on the property. The mineral water was bottled and sold unitil early 2000s. Production could potentially be resumed by buyer. Famous for it's mineral bathhouse and spa which boasts 8 large private bath tubs for guests to soak in, private showers, massage roooms and a swedish dry heat sauna. There are 36 private guest rooms, a 3 bedroom apartment within the building, office space, a conference room, banquet hall, bar/lounge, restaurant and outdoor beer and wine garden area. It features a 30,000 square foot indoor heated pool beneath a large skylight. 2.65 acres total, including 1.65 acres behind the hotel featuring a gazebo in a partially wooded lot. This property features an abundance of potential and property is listed on National Register of Historic places.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-06-22T15:40:19.593.

Hartmann Realtors Inc.: (618) 344-7900
www.hartreal.com/homes/140672356
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506 N Hanover OKAWVILLE, IL 62271

  • Price: $597,000
  • Status: Active Under Contract
  • On Site: 371 Days
  • Updated: 202 min ago
  • ID#: 23028601
0
Beds
0
Baths
0
½ Baths
2.65
Acres
20,323
SQFT
$29
$/SQFT
1893
Built
Neighborhood:
None
County:
Washington-Il
Property Description
Located in the heart of historic Okawville, approximately 44 miles southeast of Downtown St. Louis, the Original Springs Hotel was established in 1867. The last remaining mineral springs in Illinois, it has 4 separate wells on the property. The mineral water was bottled and sold unitil early 2000s. Production could potentially be resumed by buyer. Famous for it's mineral bathhouse and spa which boasts 8 large private bath tubs for guests to soak in, private showers, massage roooms and a swedish dry heat sauna. There are 36 private guest rooms, a 3 bedroom apartment within the building, office space, a conference room, banquet hall, bar/lounge, restaurant and outdoor beer and wine garden area. It features a 30,000 square foot indoor heated pool beneath a large skylight. 2.65 acres total, including 1.65 acres behind the hotel featuring a gazebo in a partially wooded lot. This property features an abundance of potential and property is listed on National Register of Historic places.
Exterior Features

Attached Garage YN No Construction Materials Conventional Lot Size Dimensions irregular Lot Size Source County Records Parking Features OtherParking LotAsphalt Road Frontage Type City Street Roof FlatMetal Unit Location Downtown

Interior Features

Above Grade Finished Area Source Public Records Building Square Footage 20323.00 Cooling Wall Unit(s)Electric Heating Forced AirRadiant Floor Heating YN Yes

Property Features

Association Southwestern Illinois Board of REALTORS Commercial Type Hotel Land Cross Street Walnut Street Current Financing Cash OnlyConventional Current Use Two StoriesRestaurantOtherBar/TavernMotel/HotelProfessional Service Disclosures UnknownNo Other Known Restr Documents Available Survey Electric 220 VoltsThree Phase Inclusions Building & BusinessSome EquipmentSome FixturesSome Inventory Lease Term None Miscellaneous Exterior LightingSmoke Alarm/Detec Net Operating Income 174055 Operating Expense Includes ElectricityGasHeat/CoolingMaintenanceInsuranceWater/Sewer Possession Close Of Escrow Possible Use RestaurantMotel/Hotel Property Sub Type Commercial & Indr. Sewer OtherPublic SewerSewer Main - 12 Inch Special Listing Conditions No ExemptionsNone Tax Annual Amount 20546 Tax Year 2021 Transaction Type Sale Utilities Cable AvailableElectricity AvailableGas to SiteWater AvailableSewer AvailablePhone Available Water Source PublicWater Main - 4 InchWater Main - 8 Inch Zoning TIF

Listing provided courtesy of Property Peddler, Inc: 4732500. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-06-22T15:40:19.593.

Hartmann Realtors Inc.: (618) 344-7900
 
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