Hotel/Motel


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Location: 1300 East South Street, Freeport, IL, 61032
UPCOMING AUCTION  Bidding period to be scheduled

Grand Victoria Hotel in Freeport, IL

Suggested Opening Bid: $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

Zoning: B-3

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.com/news/20170418/freeport-grand-victoria-hotel-up-for-sale

**NOTE: Photos 3-11 in the photo gallery on this listing show the property in its prior condition, when the hotel was operating; the rest of the photos in the photo gallery show its current condition.

Contact the City of Freeport, Community Development Director, Alex Mills at 815-235-8221 or email amills@cityoffreeport.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." 

**3 STEPS REQUIRED TO REVIEW PROPERTY EXPENSES: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON EXPENSES & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE EXPENSES

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Location: 3655 Pennridge Drive, Bridgeton, MO, 63044
THIS AUCTION IS CLOSED

Hotel: Americas Best Value Inn near Downtown St. Louis, Missouri

New Suggested Opening $1,300,000 (Reduced from $1,500,000)

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2015 Taxes: $96,958.28 

PIN #: 10N120191

PIN #: 10N120209

Rooms: Approx. 243

Lot Size: Approx. 5.55 Acres

Zoning: B-3, Travel/Entertainment Services District

Hotel has approx. 243 rooms, on  approx. 5.55 acres, consisting of one 2-story building with approx. 145 rooms on approx. 2.42 acres at 3655 Pennridge Drive (PIN # 10N120191) and one 3-story building with the office and approx. 98 rooms on approx. 3.13 acres at 3657 Pennridge Drive (PIN # 10N120209). Conveniently located within driving distance of downtown St. Louis, Missouri along Pennridge Drive with direct interstate access. Approx. 6 miles from Lambert Saint Louis International Airport. The interstate exchange hwy 270 and Hwy 70 is the busiest intersection in the region and adjacent to the hotel site.

Off-Site Recreational Activities

* King Pin Lanes, 1.2 mi.
* Peterson Oconner Park, 1.9 mi.
* St. Louis Mills Shopping Center, 2.7 mi.
* Regal St. Louis Mills 18, 2.8 mi.
* Berry Hill Golf Course, 3.2 mi.
* Crystal Springs Quarry Golf, 3.5 mi.
* Harrah's Casino, 4.3 mi.
* Casino St. Charles, 5.3 mi.
* Ameristar Casino, 5.3 mi.
* Wehrenberg Theatres, 6.5 mi.
* French Town Antique Mall, 6.8 mi.
* Grand Prix Karting, 8.5 mi.
* Forest Park, 17.6 mi.
* St. Louis Zoo, 17.9 mi.

Facilities Information
* Guest laundry facility
* Handicap accessible

Area Attractions
* Verizon Wireless Amphitheater, 3.1 mi.
* Donald Danforth Plant Science Center, 9.6 mi.
* Butterfly House, 11.4 mi.
* Tivoli Theatre, 14.6 mi.
* St. Louis Children's Museum, 15.6 mi.
* Gateway International Raceway, 16.9 mi.
* Cathedral Basilica of St. Louis, 17.4 mi.
* St. Louis Science Center, 18.2 mi.
* City Museum, 19.4 mi.
* International Bowling Hall of Fame, 19.7 mi.
* Anheuser-Busch Brewery/Museum, 22.2 mi.
* Missouri Botanical Garden, 23.9 mi.

Nearby Restaurants
* Waffle House, walking distance
* Bob Evans, 0.3 mi.
* Denny's, 0.3 mi.
* Olive Garden, 0.3 mi.
* Meglio's Italian Grill and Bar, 0.4 mi.
* Jack's Iron Horse, 0.5 mi.
* Old St. Louis Chop Suey, 0.5 mi.
* Ponderosa Steakhouse, 0.5 mi.
* McDonald's, 0.6 mi.
* Quiznos, 0.6 mi.
* Taco Bell, 0.6 mi.
* Casa Gallardo Mexican Restaurant, 0.9 mi.
* Red Lobster, 0.9 mi.

Nearby Businesses
* Wackenhut Corp., 0.5 mi.
* Hussman Corp., 0.5 mi.
* Walgreen Pharmacy, 0.8 mi.
* United Industries Corp., 0.8 mi.
* Universe Corp., 0.9 mi.
* Credit Information Corp., 1.3 mi.
* Enviromatic Corporation of America, 1.5 mi.
* Xerox Corp., 1.6 mi.
* World Omni Financial Corp., 1.6 * Central Methodist University, 1.7 mi.
* DePaul Health Center/St. Joseph Hospital, 1.8 mi.
* Everest College, 2.1 mi.
* ITT Technical Institute, 2.3 mi.

Cooperating Broker Licensed in the State of Missouri: Sperry Van Ness/Lord Partners License #200703391; Kurt Lord License #2005034294

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS, P & L & 2015 OCCUPANCY REPORT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS, P & L  OR 2015 OCCUPANCY REPORT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS,  P & L OR 2015 OCCUPANCY REPORT

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Location: 606 Broadway Street, Wisconsin Dells, WI, 53965
THIS AUCTION IS CLOSED

Colonial Motel Located in Downtown Wisconsin Dells on the Strip

Suggested Opening $600,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2016 Taxes: $9,425.83

PIN #: 11291. 10.1

Rooms: Approx. 29 

Lot Size: Approx. 14,640 SF

Building Size: 

1st Building (2 story): Approx. 4,992 SF

2nd Building (1story): Approx. 1,348 SF

Zoning: C-2; Commercial Downtown

The Colonial Motel has 29 rooms (with 4 of those rooms currently being used as living quarters), and a basement with 2 bedrooms (currently being used as storage), plus a bathroom. Approximately 21 parking spaces with ample street parking, and no restrictions. The current owner keeps the motel open from May-October and it is nearly at full occupancy each day during that time period.

One Queen Bed: 5 Rooms
One King Bed: 1 Room
Two Double Beds: 10 Rooms
Queen & Double Beds: 5 Rooms
Two Queen Beds: 3 Rooms
Family Room with 3 Beds (1 Queen and 2 Double Beds): 1 Room

Situated in a prime location on the strip in downtown Wisconsin Dells, the Colonial Motel is in the Wisconsin Dells River District, located on East Broadway Street and Church Street, just one mile from Interstate 90-94, Exit 87 and Highways 13, 16 and 23.

Features and Amenities:

*Over Size Heated Pool with 2 Water Slides
*In Room Phones
*Hair Dryers
*Direct TV
*King, Queen and Full Beds
*Adjoining Rooms
*Air Conditioning/Heaters
*Non-Smoking Rooms
*In Room Refrigerators
*Crib/Rollaway Beds Available
*Microwave
*Ho-Chunk Casino Shuttle Available 24/7
*Shuttle Bus to the Original Wisconsin Ducks
*Complimentary Amtrack & Greyhound Pick up and Drop off
*Picnic Table
*Vending Machine
*Parking Permits (One Parking Space Per Room)
*Wireless Internet for Guests
*Laundry Located Across the Street

Nearby, Off-Site Recreational Activities:

*JustAgame Fieldhouse
*Woodside Sports Complex
*Walk to Shop, Dining, Attractions & Boat Tour
*Dells Boat Tours
*Noahs Ark
*Mt. Olympus
*Kalahari Resort Water Park & Indoor Theme Park
*100 meters from Bowman Park (Basketball Courts, Playground, Swings, Sandbox, Shelter, Picnic Tables and BBQ Grill).

Offered in Cooperation with Wisconsin Real Estate License #55746-090

**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON THE DOCUMENT TO VIEW & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT

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Location: 604 West Ludington Avenue, Ludington, MI, 49431
THIS AUCTION IS CLOSED

MOTEL: Ventura Motel in Ludington, Michigan

New Suggested Opening Bid: $550,000 (Reduced from $560,000) 


Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Lot Size: Approx. .62 Acres

2015 Taxes: $14,133

PIN #:  53-051-105-211-00

Zoning: M-R; Motel Resort District

Just two blocks from downtown Ludington, this motel features 25 rooms with king & queen beds, guest controlled heat, and air-conditioning, and some luxury rooms with heart-shaped in-room whirlpools. Room features: full Cable TV with HBO, refrigerator, freezer available for fisherman to store their catch.

Walking distance from marinas, boat launches, fishing piers, charter boats, two waterfront playgrounds, mini-golf, Stearns Park Beach on Lake Michigan, Ludington's North Breakwater lighthouse, shopping, dining, entertainment, downtown events like sidewalk sales, "Friday Night Live" and "Movies in the Park".

Cooperating Broker Licensed in the State of Michigan: Coldwell Banker License #6505354670; Louis Price License #6502354670

2015 P & L

Gross Sales: $180,300
Property tax: $14,133
Insurance: $4,970
Utilities: $20,190

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View Purchase and Sale Agreement (PDF)

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Location: 1345 North State Street, Belvidere, IL, 61008
THIS AUCTION IS CLOSED

Motel: Budget Inn & Single Family Home

New Minimum Bid: $500,000 (Reduced from $525,000) 

Buyer's Premium: 6%

Cooperating Broker's Commission: 2% 

Lot Size: Approximately 2.096 Acres

2014 Taxes: 

$12,058.74 PIN # Motel: 05-23-326-033

$529.92 PIN # SFH:   05-23-326-026

Zoning:  B-2 County; General Business Belvidere

Approximately 2.096 Acres; 15 room motel: 2 with king size beds; 7 with single full size beds, new mattresses, 4 of the rooms have flat screen TVs; 1 queen size bed suite; 1 with 2 full size beds; 2 with queen size beds, brand new flat screen TVs, new mattresses; new carpeting; all rooms have a small refrigerator and microwave; 10 rooms with brand mattresses; all rooms with commercial grade A/C & heating wall units; water heater; digital phone system.

Single family home approx. 1,000 sf; 2 bedrooms, 1 bath and full basement.

Located next to McDonalds on North State Street across from O'Reilly Auto-Parts, 1/2 miles from the Boone County fairgrounds, 1 1/2 miles from Chrysler assembly plant, 2 miles from Green Giant/General Mills plant.

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

View Property Flyer (PDF)

View Survey (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 3061 E Van Buren, Eureka Springs, AR, 72632
THIS AUCTION IS CLOSED

Hotel: Ozark Swiss Inn of Eureka Springs, Arkansas

Minimum Bid: $390,000

Buyer's Premium: 6% 

Cooperating Broker's Commission: 2% 

Lot Size: Approx. 11.44 Acres

Building Size: 21,680 SF

Rooms: Approx. 50

2014 Taxes: 

PIN #: 925-01854-000 - $6,634.87

PIN #: 013102 - $623.01

Zoning: C-2

Approx. 50 room hotel with a recently remodeled lobby and new roof located in the city limits of Eureka Springs, Arkansas. Amenities include: huge swimming pool with new equipment; fire pit with sitting area; new commercial washer & dryer; one set of coin operated washer and dryer; some new H/A units; three 1,000 gallon water heaters; plenty of parking for guests and tour buses; and the capacity to accommodate large groups.  

Rooms include: 5 Jacuzzi suites; 4 family suites; some connecting rooms; 3 bedroom living quarter with kitchen, 2 living areas, and 2 full baths. Rooms feature: new mattresses; quality bedding, linens & pillows; new refrigerators; and electric fire places.  

Located in the city limits of Eureka Springs Arkansas.

Cooperating Broker Licensed in the State of Arkansas: Salmonsen Group Realtors at Keller Williams Market Pro Realty; Tim Salmonsen License #EB00066512

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

View Property Flyer (PDF)

View 2014 Tax Bill (PDF)

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View Purchase and Sale Agreement (PDF)

 

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Location: 2816 Mitchell Road, Bedford, IN, 47421
THIS AUCTION IS CLOSED

MOTEL: Budget Inn Bedford, Indiana

Suggested Opening Bid: $375,000

Buyer's Premium: 10%

Cooperating Commission: 2%

Lot Size: Approx. 1.18 Acres

Motel: 20 rooms

Pin # 11-005048-00

Zoning: B-2

This currently operating motel has 20 rooms consisting of 10 one bedroom, 9 two bedroom, and 1 three bedroom with a manager's apartment with approx. 1,634 sf including a kitchen, living room, two bedroom and two bath. There is a basement of approx. 706 sf used as a storage.

Located in the southern portion of the city of Bedford. The City of Bedford, Indiana is the seat of Lawrence County. Bedford is within easy traveling distance of other large cities such as: Indianapolis (77 miles); Terre Haute (85 miles); Louisville, Kentucky (70 miles); Cincinnati, Ohio (128 miles) and Evansville (113 miles).

In cooperation with Indiana Real Estate License #RB14032403

2015 P & L

Gross Sales: $133,490

2015 Property Taxes: $13,817

Utilities: $20,645

Insurance: $3,290

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

View Property Flyer (PDF)

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View Purchase and Sale Agreement (PDF)

 

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Location: 807 South Highway 75, Sabetha, KS, 66534
THIS AUCTION IS CLOSED

Koch Motel in Sabetha, KS

Minimum Bid: $285,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Lot Size: 1.80 Acres

Rooms: 27

2016 Taxes: $8,903.44

PIN #: 081-12-0-10-01-017.00-0-01

This currently operating motel has 27 rooms with 1 extra room in the main office. Located on the property is a home with 4 rooms plus a kitchen, dining room, full bathroom, laundry room, basement, 1 car attached garage, and a night office. Includes security cameras on the property. Property was sold in 2015/2016 (no financials available), motel was closed in November 2016 through January 2017 due to family wedding in seller's country. Currently a U-Haul dealership receiving commissions on rentals.

Sabetha is located approx. 35 miles north of the Casino area, which is vibrant and growing. They're drawing business from Kansas City, Topeka, and Saint Joseph, Kansas. It is also on the eastern edge of some of the best pheasant hunting in the country.

Rooms:

3 Beds (2 Full & 1 Queen): 1 Room
1 Full Bed: 9 Rooms
1 Queen: 11 Rooms
2 Full Beds: 4 Rooms
2 Queens Beds: 2 Rooms

Features and Amenities:

Refrigerator
Microwave
Wireless Internet Service
Direct TV

Nearby, Off-Site Recreational Activities, Store, Restaurants:

New Aquatic Public Park (Behind Motel)
Sac And Fox Casino, Powhattan, KS
Golden Eagle Casino, Horton, KS
Casino White Cloud, White Cloud, KS
Albany Historical Museum
Garrett Country Mart
Pizza Hut
Subway
Panda Kitchen

Sabetha is located in the northeast corner of Kansas situated in both Nemaha and Brown Counties. The central location makes Sabetha an ideal trade location. It is approximately 60 miles north of Topeka on U.S. Highway 75 and 90 miles south of Omaha, Nebraska. St. Joseph, Missouri is approximately 60 miles east on U.S. Highway 36. Kansas City International Airport is 90 miles southeast.

Nearby schools: Sabetha Elementary School, Sabetha Middle School, Sabetha High School.

Keyston XL Pipeline work has been started.

Offered in cooperation with Kansas Real Estate License #BR00052095 

**3 STEPS REQUIRED TO REVIEW PROPERTY P & L STATEMENTS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON P & L STATEMENTS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE P & L STATEMENTS

Local and Town Information

http://www.cityofsabetha.com/

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Location: 6219 S. Ashland Ave, Chicago, IL, 60636
THIS AUCTION IS CLOSED

ABSOLUTE AUCTION: Hotel Toledo 35 Rooms in the Heart of Chicago

*ON-SITE INSPECTION DATE & TIME: THURSDAY, NOVEMBER 5, 2015 FROM 10:00AM-NOON **RSVP REQUIRED CONTACT DIANA PETERSON AT 312.218.6102**

This Property is Being Sold Absolute, to the Highest Bidder, Regardless of Price

Cooperating Broker's Commission: The Greater of 2% or $1,500

Buyer's Premium: The Greater of 6% or $2,500

Building Size: Approx. 2,200 sf

Lot Size: Approx. 2,907 sf

Zoning: B3-2

2013 Taxes: 

$5,248.75 PIN #:  20-17-325-008-0000

$3,893.56 PIN #:  20-17-325-009-0000

$3,893.56 PIN #:  20-17-325-010-0000

$5,155.77 PIN #:  20-17-325-011-0000

$3,383.21 PIN #:  20-17-325-012-0000

Nicely maintained 35 room hotel located in the heart of Chicago. This property sits on 5 separate pin numbers. Two story, interconnected court yard masonry building with ample onsite parking. New windows and cable ready.

Conveniently located hotel a block from the mass transit CTA train line in the West Englewood Community Area.

**3 STEPS REQUIRED TO REVIEW PROPERTY FINANCIALS: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON FINANCIALS & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE FINANCIALS

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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