GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET FREEPORT, IL Diana Peterson President
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1 GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET FREEPORT, IL Diana Peterson President Sam Shah Advisor SVN AuctionWorks 707 Skokie Blvd., Suite 601, Northbrook, IL SALE BROCHURE
2 Executive Summary PROPERTY SUMMARY Suggested Opening Bid: $200,000 PROPERTY OVERVIEW 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. Lot Size: Approx Acres Rooms: 90 Offers prior to sealed bid auction will be considered. Contact the City of Freeport, Community Development Director, Alex Mills at or 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." LOCATION OVERVIEW Zoning: B-3 This hotel is within close proximity to the Stephenson County Historical Museum, Oscar Taylor Home, Winneshiek Playhouse and Silver Creek Museum. GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 2
3 Complete Highlights PROPERTY HIGHLIGHTS Online Auction Bidding Starts at 11 AM CST Monday, June 18, 2018 and ends Wednesday, June 20, 2018, 11 AM CST New Suggested Opening Bid: $200,000 (Reduced from $250,000) Buyer s Premium: 6% Cooperating Broker s Commission: 2% Pre-Auction Bids Highly Encouraged! GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 3
4 Photos: Prior Condition, When Hotel Was Operating GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 4
5 Additional Photos GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 5
6 Additional Photos GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 6
7 Location Maps GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 7
8 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 2,934 18,297 31,306 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,264 7,727 13,543 # of persons per HH Average HH income $35,842 $41,515 $47,193 Average house value $63,643 $77,812 $108,455 * Demographic data derived from 2010 US Census GRAND VICTORIA HOTEL 1300 EAST SOUTH STREET, FREEPORT, IL SVN AuctionWorks Page 8
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