Great Property Investment Opportunity!
About the Property
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.
At present, this estate gift was left to Southeastern Illinois College, which uses the property for special events and educational opportunities related to the College's mission. However, the College has decided to sell the property as a private investor can better utilize the amenities and opportunities that this property has to offer.
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. 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 and B as the Lafayette Inn as 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.
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.
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.
For More Information
Property Information Sheet
PROPERTY NAME: Lafayette Inn (Formerly the White Lace Inn; Formerly the Wasson Family Mansions); three structures sold as one listing
PROPERTY DESCRIPTION: Three structures, two mirrored mansions, and one carriage house with living quarters
PROPERTY LOCATION: Situated in the historic district on a cobblestone street, 0.82 acres, wrought iron fencing around property, private drive, downtown and within walking district of restaurants and stores, in the hometown of the Gateway to the Shawnee National Forest
ADDRESS: 202/204 W Poplar St, Harrisburg, IL 62946 (Mitchell and Baker Division)
YEAR BUILT: 1921
STYLE: Mediterranean with classic finishing
BEDROOMS: 14 total among all three structures
BATHS: 13.5 total among all three structures
SQUARE FEET: Approximately 10,000
PRICE: Priced to sell by heir from an estate gift at $675,000. Redfin's estimate sets a current price at $800,282 for 2022.
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. The region is home to the Shawnee National Forest and has a strong need for overnight accommodations.
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. Replacement cost for each mansion is estimated at $2.5 million. 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.
As for the property, the estate is located in the historic district of the city, with many beautiful houses surrounding these twin homes. Both mansions are enclosed by vintage wrought iron fencing. Ample parking in the circle drive and parking areas near the Carriage House makes this easy for travelers.
Contents in the houses are included. This includes all furniture, dishes, cookware, silverware, glassware, linens, appliances, rugs, and window treatments, pass with sale at no additional cost.