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$550,000

  • Sold
  • Closed
  • Business
  • 1 Sq. Ft.
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Prominently located, established Motel in the lively neighborhood of Loves Park, IL. Standing proudly near the gateway of Loves Park and Rockford IL, this unique opportunity benefits from substantial vehicular traffic. This property boasts a total of 26 well-maintained rooms, most of which were remodeled in past five years ago and some new remodels this 2024. Perfect for the seasoned investor or a buyer looking to diversify, this is a rare chance to acquire a turn-key business in a key location with high visibility and accessibility. Two buildings totaling 26 rooms and 24 marked parking spaces but with room for more. Main building offers a small office/reception. On the upper lever you'll find a whole living area with Kitchen, Living room, 4 Bedrooms and 4 Full baths! Can be lived in and run your business from home or can be rented out as well. A true business gem!

Full Property Details for 4702 N 2nd St

General

  • Sold For: $550,000
  • Taxes: $10,145 (2023)
  • Status: Closed
  • Type: Business
  • Source: MRED
  • MLS ID: 12164147
  • Added to Site: 488 day(s) ago

Business

  • Name: PARK MOTEL
  • Business Type: Hotel/Motel
  • Years in Business: 11 or More

Location

  • Area: Loves Park
  • County: Winnebago
  • Driving Directions: Aubin N on 252 / 2nd to property

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Stories/Levels: 1
  • Square Feet: 1

Lot Features

  • Lot Size (Sq. Ft.): 22,226
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 147 x 151
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $1
  • Tax Amount: $10,145
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 1112480016

Listed by Exit Realty Redefined
Sold by Non Member

Listing agent

— 4702 N 2nd St —

  • Exit Realty Redefined

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 4702 N 2nd St

School District:Harlem Unit School District 122
NameGradesDistance
Loves Park Elementary School
344 Grand Avenue, Loves Park, IL 61111
1-61 mi
Harlem Middle School
735 Windsor Road, Loves Park, IL 61111
7-81.8 mi
Harlem High School
9229 North Alpine Road, Machesney Park, IL 61115
9-124.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4702 N 2nd St

Date
Details
Price
Change
Source
7/23/2025
Sold
$550,000
-26.67%
MLS
9/13/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Exit Realty Redefined
Sold by Non Member

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4702 N 2nd Street, Loves Park, IL 61111 (MLS# 12164147) is a Business property that was sold at $550,000 on July 23, 2025. Want to learn more about 4702 N 2nd Street? Do you have questions about finding other Business real estate for sale in Loves Park? You can browse all Loves Park real estate or contact a Coldwell Banker agent to request more information.