506 N. Hanover St. • Okawville, IL.
Turn Key Historic Investment
Address: 506 N Hanover Street Okawville, IL 2.65 acres
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 the buyer. Famous for its mineral bathhouse and spa which boasts 8 large private bath tubs for guests to soak in, private showers, massage rooms 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 the National Register of Historic places.
Directions: Interstate 64 to Okawville, IL exit 41 to E High Street to North Hanover Street
Legal Description: S21 T1S R4W Lots 1 to 8 BLK 9
Parcel(s): 12-06-21-113-001, 12-06-21-107-019
Taxes: $$ 20,545.14 -2021
P# 631 / MLS # 23028601 / Sold for $400,000.00 on 07/08/2024
LISTED by Property Peddler Inc.
Susan Kroll Broker 618-571-0250
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All information provided through this website was obtained from sources deemed reliable; however, Property Peddler Inc. make no guarantees of the accuracy of information. All sketches and dimensions on this website are approximate and should be verified. All acreages are approximate and have been based on aerial photography, tax maps, or plat maps and are in no way guaranteed and the buyer might consider for it to be confirmed by a licensed surveyor.
Prospective buyers should rely on their personal inspection and/or the inspections of a professional property inspector for the condition of the property. As for the title work, it is the responsibility of the buyer and/or the buyer’s attorney to inspect. We suggest prospective buyers do their due diligence regarding their purchase. Neither the seller nor Property Peddler Inc. assumes liability for the accuracy, errors, or omissions. Seller reserves the right to refuse any and all offers submitted and may withdraw the property from offering without notice.
