200 N Green Bay Rd - Hospitality FOR SALE


Waukegan, IL 60085
$1,200,000 USD
847-509-2757
200 N Green Bay Rd, Waukegan, IL for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

200 N Green Bay Rd
Waukegan, IL 60085


OVERVIEW

This approx. 5.67 Acre site at 200 North Green Bay Road in Waukegan, IL is currently improved with a closed, 186 room hotel (former Ramada Inn) with banquet, restaurant and lounge spaces. This property could be redeveloped for a hospitality, senior living or multi-family use, or it could be demolished and replaced with a multitude of uses permitted within its B-3 zoning. Located on busy Green Bay Road next to a Brookside Senior Living facility, this site has more than 900’ of frontage, with more than 500’ of that frontage on Green Bay Road. Traffic counts are approx. 30,000 vehicles per day. Within a 3-mile radius there is a population of more than 110,000 with an average household income of $90,000.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$5 USD /SF

# OF ROOMS

186

PRICE/ROOM

$6,452 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waukegan Gurnee

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1976

PARKING SPACES

82

LAND DETAILS

LAND ACRES

5.69 AC

LAND SF

247,856 SF

ZONING

B3

APN/PARCEL ID

08-19-300-001

ASK ABOUT THIS PROPERTY

Diana PetersonAW Properties GlobalMore Info
847-509-2757

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Diana PetersonAW Properties GlobalMore Info
847-509-2757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.