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Brad Benedict
(815) 988-4286

411 Mulberry St, Rockford, IL 61101

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Featured Listing PENDING
SQUARE FEET36,744 MLS#27958537

Property Description

Unique opportunity to own a profitable hotel in downtown Rockford. Built in 1927, The LAFAYETTE HOTEL has operated continuously with an average 90% occupancy and strong cash flow.66 total rooms. 25 are apartments, the balance are standard hotel rooms.The Mandalay Lounge is a full bar on the first floor. Three additional storefront spaces available for lease.The building is in excellent condition. New roof in 2015, new boiler. All systems regularly inspected and are up to date.Owner is retiring but will assist with the transition to the new owner/operator.

411 Mulberry St | MLS# 27958537

This commercial property located at 411 Mulberry St, Rockford, IL 61101 is currently listed for sale by GAMBINO REALTORS , with an asking price of $699,900. Search Rockford real estate on today.

Property Features

Property Type: Commercial - Retail
Lot Size: 0.24 Acres

Feature Descriptions

APN: 1123302006
Days on Site: 196

Listed By / Shown By

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Listed and Shown By

Agent Name: Brad Benedict
Agent Phone: (815) 988-4286

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/20/2022. The listing information on this page last changed on 05/20/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MRED MLS (last updated Fri 05/20/2022 12:22:04 AM EST) or Rockford Board of Realtors (last updated Thu 05/19/2022 10:15:13 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 05/19/2022 2:10:10 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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