443 Rte 2, Dixon, IL 61021

This property is a hotel with 89 rooms and a pool area and dining room with full kitchen. Parking for 160 cars. Banquet center owned and operated by a separate party next to motel. This hotel is in the Enterprise Zone, making it eligible for a candidate for property tax abatement (final decision of local assessor) and no tax on building materials for rehab projects. Directions: East on Route 2 between Sterling and Dixon, IL. List is $675,000 with an Opening Bid of $295,000 if no offer received prior to auction on 11/10/12. Advanced Glance. Seller will disclose Reserve. Call for details. A 2% buyer fee will be added to high bid to determine final sales price. Nonrefundable EM of 5% of the sellers reserve due from high Bidder on day of auction/offer. Cash closing, no contingencies. Offers are subject to seller approval. Property is being sold "as-is, where-is".