Grand Victoria Hotel in Freeport, IL
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New Suggested Opening Bid: $200,000 (Reduced from $250,000)
Buyer‘s Premium: 6%
Cooperating Broker‘s Commission: 2%
Lot Size: Approx. 5.77 Acres
2015 Taxes: $19,668.72
PIN #: 18-19-05-276-006
AS IS SALE
This 2 story hotel is currently vacant with 90 air-conditioned rooms, refrigerators, microwaves, private bathrooms with shower/tub combinations. Amenities include indoor pool, fitness center, one banquet hall (seating for 400), and free self parking.
Operate as a Hotel or Develop on Nearly 6 Acres Prime for Development.
This hotel is within close proximity to the Stephenson County Historical Museum, Oscar Taylor Home, Winneshiek Playhouse and Silver Creek Museum.
Click here for recent article relating to the property: http://www.journalstandard.
Contact the City of Freeport, Community Development Director, Alex Mills at 815-235-8221 or email firstname.lastname@example.org for zoning questions. Also note, per communications received from Alex Mills “This property has been condemned by the City of Freeport for numerous health, life and safety code violations. It cannot be occupied in the present condition. Any potential bidder must fully acknowledge that upon transfer of ownership, they become solely responsible for all necessary repairs and must follow City ordinance with regard to submitting appropriate plans for the issuance of building permits, or for a demolition permit in the event demolition is the desired outcome. Proof of sufficient funding, as determined by the City, will be required prior to the issuance of any permits. Furthermore, any potential bidder and/or buyer must explicitly acknowledge that they become the responsible party for any potential fines, citations or legal action that may be brought against them by the City of Freeport for failure to maintain, repair or demolish the property and structures upon it.”
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Total Bids Placed:
Auction has expiredAuction Expired because there were no bids
|Auction started||June 15, 2018 12:00 am CDT|
Bidding Starts: June 15, 2018 12:00 am CDT
Bidding Ends: June 15, 2018 2:00 pm CDT
Location: 1300 East South Street, Freeport, IL, 61032
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There is a 5% Buyer's Premium in effect for this auction.
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