200 Green Bay Rd, Waukegan, IL 60085
186 Room Hotel | Waukegan, IL 60085 | $3,950,000 ($21,237/Room)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $3,950,000
- Property Type
-
Hospitality
- Square Feet
- 230,000 SF
Listing Contacts
Nicole Quattrocki
Verified Profile
- Property Info
Property Overview
Currently a non-operational/closed former 186 room hotel with banquet space and restaurant and lounge now available for sale. This 5.67 acre site is located on busy Green Bay Road with traffic counts of approximately 30,000 vehicles per day. The property has more than 900' of frontage, with more than 500' of that frontage on Green Bay Road. Within a 3-mile radius there is a population of more than 110,000 with an average household income of $90,000. This property can be rehabbed into a hospitality use or redeveloped, into a multifamily use. The city of Waukegan is highly motivated to get this developed/operational.
Property Details
- Class
- B
- Year Built
- 1976
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 247,856 SF
- Units
- 186
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