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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

441 Il-2 Dixon, IL 61021

16,800 SF 2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 16,800 SF
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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