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

20,323 sqft
506 N Hanover, Okawville, IL 62271 SOLD
20,323 sqft
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Selling Price: $400,000
Original List Price: $730,000
Sold at 54.8% of list price
Sold Date: 07/08/2024

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 Closed
DOM 401 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 $400,000 40.74%
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.
Photo of Pat Holland
Direct: 573-764-5900
PO Box 241
Gerald, MO 63037
Listed by Property Peddler, Inc, Susan Kroll
Sold by Property Peddler, Inc, Susan Kroll
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Listing information courtesy of: Property Peddler, Inc

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