The Senator’s Inn
Savoy, IL
Offered for sale at $1,600,000
Owner financing and/or trade considered. This historical property has been updated and well maintained while preserving the historical charm and beauty. The property is currently serving as a mixed use building with small businesses as well as residents and owners occupying spaces. There is an attached building that was once a popular pub and is now a very successful bakery; the space is leased to the bakery. The property has been successful in many ways and seems to do well no matter what we ask of it. It has been an amazing venue for weddings and other banquets and events, it has been an upscale restaurant, a bed and breakfast, retail space, whole house short term rentals, and so much more. Besides the Inn and the bakery, we have built a 10 x 41 x 8’ shed as well as a single car garage. The basement is cleaned, clear, and dry and serves as a common area laundry as well as storage and work space along with a space for the owner’s sauna. The property is as unique as it gets and while it has been difficult to think of letting go, after 20 years, it’s time to retire.
Because we currently occupy a large amount of space and wanted a more peaceful and quiet atmosphere, we only rent extended stay. If easy income is what you seek, you will make less but it is peaceful and easy. If larger income is what you seek, you will want to take it back to overnight rentals and events…that’s where we made our money here. That’s just to explain why our annual income here isn’t higher at all but it nets plenty for us and it’s a simple and comfortable business. The income will change based on how an owner operates the property.
You will not see all of our rooms on our website because they have been occupied by the same resident for many years or they are owner occupied. However, if you would like photos and a complete listing of all rooms, I will be happy to provide you with that.
Property Details- 14 Guest Rooms
- 9 Guest Room Baths
- Has Owner's Quarters
- Built in 1915
- Opened in 2006
- Building is 10,000 SQFT
- Lot is 1 Acres
- Photo Gallery
- Property Website
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