Sold Hotel/Motel


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Location: 1729 Hudson Road, Hillsdale, MI, 49242
THIS AUCTION IS CLOSED

Motel in Hillsdale, Michigan

SOLD

Previously Valued To: $525,000

Minimum Bid: $250,000

Buyer's Premium: 6%

Cooperating Commission: 2%

Lot Size: Approx. 3.25 acres

Motel: 25 Rooms

Pin # 30 11 002 200 025 02 7 3

2015 Winter Taxes: $4,639.34

2016 Summer Taxes: $1,706.82

Currently operating for special events. Fully furnished motel with a variety of  rooms: smoking and non-smoking rooms; king beds; queen bed; two double beds. Each room has an air conditioner, refrigerator, and cable TV. New heating boiler installed in November of 2015 and a new domestic water heater installed in February 2016.  Located on the property is a 20' x 30' pole barn for storage. 

Located 1 mile south of the Hillsdale City Limits; 4-minute drive from Hillsdale College; 12-minute drive from Highway 12.

**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

Cooperating Broker Licensed in the State of Michigan: RE/MAX Preferred Realty, License #6505275985; Cathy Galloway, License #6502130587

View Property Flyer (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1300 East South Street, Freeport, IL, 61032
THIS AUCTION IS CLOSED

Grand Victoria Hotel in Freeport, IL

SOLD

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

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

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

View Property Flyer (PDF)

View Hotel Layout (PDF)

View Survey (PDF)

View Building Violations (PDF)

View Zoning Ordinance (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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