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29203142
29036990

1290 Mulholland Street, Nauvoo, IL 62354

KL
IL 471.019569
KL Real Estate, Inc.
MR
IL 475213396
KL Real Estate Inc
Listed by KL Real Estate, Inc., KL Real Estate Inc
$2,989,000
161 days on market
Updated 67 days ago

1290 Mulholland Street

Details
APN 01-01-000-526
Property Type Hospitality, Retail
Sub Type Hotel, Restaurant (+4)
Square Footage 12,681
Units 8
Price per SqFt $236
Broker Co-Op Yes
Year Built 1841
Year Renovated 2023
Buildings 1
Stories 2
Acreage 2.060
Zoning Business/Commercial
Parking Spaces 50
Investment Type Owner/User

Tourism-anchored Mulholland Street asset with TIF-backed upside

Marketing description

A rare opportunity to acquire a landmark hospitality property in the heart of historic Nauvoo, Illinois. The Historic Hotel Nauvoo features a full-service restaurant, inviting lounge, and eight well-appointed overnight guest rooms, offering a turnkey boutique hospitality operation in a strong regional tourism market. This character-rich property blends period architecture with functional modern spaces, creating an authentic guest experience that appeals to today’s heritage-focused travelers. The restaurant and lounge serve both visitors and the local community, providing consistent foot traffic and multiple revenue streams. The eight guest rooms offer intimate boutique accommodations with strong seasonal demand tied to tourism, events, and river traffic. The property’s layout supports efficient operations, flexible staffing models, and opportunities to enhance food, beverage, or lodging offerings. The customer parking lot in the rear, across the street conveys. Located near the Mississippi River and surrounded by well-preserved historic architecture, the property benefits from steady visitor activity and limited competing boutique lodging inventory. Ideal for an owner-operator or hospitality group seeking a distinctive asset with established use, strong branding potential, and long-term upside. An exceptional opportunity to acquire a unique hospitality property with character, presence, and income potential.

Investment highlights

  1. Prime Mulholland Street Location
    Positioned along Nauvoo’s primary commercial and tourism corridor, benefiting from consistent seasonal foot traffic and visibility in Nauvoo.

  2. Tourism-Driven Demand
    Strong exposure to regional, national, and international visitors supporting retail, service, and hospitality-oriented uses.

  3. Located Within a TIF District
    Property is located within a designated Tax Increment Financing (TIF) District, offering potential incentives for qualifying redevelopment, building improvements, and site upgrades (subject to municipal approval and program guidelines).

  4. Flexible Commercial Use
    Suitable for retail, service, food & beverage, boutique hospitality-adjacent concepts, or owner-operator occupancy (buyer to verify zoning and permitted uses).

  5. Value-Add Upside
    Opportunity to enhance returns through cosmetic upgrades, tenant repositioning, branding/signage improvements, or concept refresh—potentially supported by TIF incentives.

  6. Attractive Small-Balance Investment
    Ideal for private investors, owner-users, or buyers seeking a manageable commercial asset in a proven niche tourism market.

  7. Hard Asset with Long-Term Hold Appeal
    Tangible commercial real estate in an established district with limited comparable inventory and durable location fundamentals.

This Mulholland Street commercial property offers investors exposure to a proven, tourism-driven market in Nauvoo with flexible commercial use and meaningful value-add potential. Positioned within a designated Tax Increment Financing (TIF) District, the asset presents opportunities to enhance returns through targeted improvements, tenant optimization, or concept repositioning, while benefiting from strong location fundamentals, seasonal demand, and a manageable small-balance investment profile.

Nauvoo TIF District: TIF reinvests incremental tax revenue into eligible redevelopment costs (e.g., building rehab, site work, infrastructure) via municipal agreements to support private investment and value-add strategies.

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Listing Contacts

KL
IL 471.019569
KL Real Estate, Inc.
MR
IL 475213396
KL Real Estate Inc
Listed by KL Real Estate, Inc., KL Real Estate Inc

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Additional Information

Name
Kimberly Logan
License
471.019569
Brokerage
KL Real Estate, Inc
Brokerage Phone
309-431-1690
Title
Real Estae Broker
Brokerage Address
2497 North Sycamore Haven Drive
Name
Mary Richards
License
475213396
Brokerage
KL Real Estate, Inc.
Brokerage Phone
319-325-3852
Title
Broker
Brokerage Address
1235 Mulholland Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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