441 Il-2 Dixon, IL 61021
This exceptional 16,800-square-foot commercial property, located at 441 IL Rt. 2 in Dixon, Illinois (zip code 61021), presents a unique investment opportunity. Currently operating as a renowned event center, the building boasts two floors of versatile space, capable of seating up to 700 guests. The main floor features a full commercial kitchen and two bars, while a second-floor kitchen adds further operational flexibility. State-of-the-art sound equipment enhances the venue's appeal. The main ballrooms are divisible, accommodating both large and small events. The sale includes all inventory and equipment (excluding leased equipment and gaming machines), offering a true turnkey operation. Situated on a 2-2.99 acre lot with 75 parking spaces, the property benefits from convenient access to I-88. The property is zoned C3, Commercial, and its APN is 07111270130000. The seller is motivated and open to reasonable offers, even considering leasing options to a qualified tenant. Adjacent properties, including a hotel and vacant lots, are also available for purchase from the same owner. This is an exceptional opportunity to acquire a well-established, high-capacity event venue with significant income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.