Commercial Property for Sale: 506 N Hanover, Okawville, IL 62271

$597,000
$597,000
506 N Hanover, Okawville, IL 62271
$597,000
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Price:
$597,000
$78,000 - 12/28/2023

Type Commercial
Square Footage 20,323 sqft
Lot Size 2.65 acres
Year Built 1893
Taxes Paid $20,546

City Okawville
County Washington-IL
Subdivision none

MLS 23028601
Status Active Under Contract
DOM 336 days
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.

Room Features

Misc Description Exterior Lighting, Smoke Alarm/Detec

Lot & Building Features

Construction Conventional
Cooling Electric, Wall Unit(s)
Heating Forced Air, Radiant Floor
Parking Description Asphalt, Parking Lot, Other
Sewer Other, Sewer Main - 12 Inch, Public Sewer
Tax Year 2021
Water Public, Water Main - 8 Inch, Water Main - 4 Inch
Lot Dimensions irregular

Price History of 506 Hanover, Okawville, IL

Date Name Price Difference
12/28/2023 Price Adjustment $597,000 11.56%
09/27/2023 Price Adjustment $675,000 7.53%
05/31/2023 Listing Price $730,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 506 Hanover, Okawville, IL

Location Map Street View
Photo of David Bramman
Direct: 314-306-0035
Office
107 W Lockwood Ave
Webster Groves, MO 63119
962-1100
Listed by Property Peddler, Inc, Susan Kroll
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3.441541038526%
6.75%
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506 Hanover (MLS #23028601) is a commercial listing located in Okawville, IL. This commercial listing is on a lot of 115,434 sqft (or 2.65 acres) and is 131 years old. This property was listed on 06/16/2023 and has been priced for sale at $597,000.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Property Peddler, Inc

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