Lafayette Inn Bed and Breakfast for Sale

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #1
Formerly the White Lace Inn; Formerly the Wasson Family Mansions

Property Address: 202 / 204 West Poplar Street
Harrisburg, IL 62946
Contact: Southeastern Illinois College – Lisa Hite, Executive Dean of Administrative Services
Contact Email: lisa.hite@sic.edu
Contact Telephone: 618-252-5400
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://www.govdeals.com/index.cfm?fa=Main.Item&acctid=16538&itemid=494
Date Business Established: n/a
Trade Association Affiliations: n/a
Financials Verified: Yes

Area Description: This property is situated in the historic district on a cobblestone street on 0.82 acres and is downtown within walking distance of restaurants and stores in the hometown of the Gateway to the Shawnee National Forest. Harrisburg, Illinois, is a rural town in southern Illinois and is the economic center for a multi-county area. There is a hospital in town and other medical centers within a 20-mile radius. Southeastern Illinois College is located in Harrisburg. The area is known for excellent outdoor recreation and tourism, including a robust vacation rental business.

Site Description: From the marble-walled vestibule to the carved walnut staircase, you will find the elegance of bygone years along with just the right touch of modern updates. This property is the perfect bed & breakfast for an owner from afar or one who wants to live on-site.

This property consists of three structures, two mirrored mansions, and one carriage house with living quarters. The property has wrought iron fencing around the property and includes a private drive. Ample parking in the circle drive and parking areas near the Carriage House makes this easy for travelers. The property was recently owned and operated as the Lafayette Inn (Formerly the White Lace Inn; Formerly the Wasson Family Mansions). Only one structure was a B&B operating as the Lafayette Inn. The owner used the other mansion as a vacation residence. The three structures sold as one listing. Grounds are easy to maintain with lots of curb appeal in the historic district of town.

Structural Description: Each mansion is two-story, as well as the carriage house. The twin mansions are Mediterranean in style and are full red brick homes from a bygone era with original woodwork, Italian marble, hardwood, French doors, and many modern updates. Each home boasts a sunroom along with six bedrooms and six and one-half baths for a total of twelve bedrooms, not including the Carriage house living quarters. The twin houses also have partially finished basements as well as beautiful brick porticos, tile patios, and other beautiful amenities.

The all-brick Carriage House includes a three-car garage on the ground level and the second level includes two bedrooms, two baths, a kitchen, a living, & a dining area.

Offering: All three properties and the contents, including all furniture, accessories, and serving wares, are to be sold together. The selling price is below the Redfin estimate of the property at $800,282. Replacement cost for one of the mansions is estimated to be four times this asking price which includes all three properties and contents. The property is priced to sell to a national investor or property collector.

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #2

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #3

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #4

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #5

Lafayette Inn Bed and Breakfast for sale in Harrisburg, IL - #6

Occupancy %: n/a
Average Daily Rate: n/a
Income from Room Sales: n/a
Property Taxes: n/a
Electric: n/a
Water & Sewer: n/a
Natural Gas/Propane: n/a
Insurance: n/a

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