6161 W Grand Ave - Hospitality FOR SALE


Gurnee, IL 60031
$9,850,000 USD
847-875-8201
6161 W Grand Ave, Gurnee, IL for Sale
$9,850,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

6161 W Grand Ave
Gurnee, IL 60031


OVERVIEW

Gurnee presents a unique opportunity to purchase and renovate the property at a price-per-pound basis well below replacement cost, maintaining the value-boosting Holiday Inn brand and unlocking the property's full NOI potential. Located less than five minutes from Six Flags Great America, and 30 minutes north from O’Hare International Airport, this interior property consists of 210-rooms, ample public space, including a restaurant and bar,10,000 square feet of meeting space, and Olympic sized indoor swimming pool (popular with the kids).The hotel receives business from a diverse set of both commercial and leisure segments with major demand drivers including Six Flags Great America, Six Flags, Gurnee Mills destination shopping center, as well as companies within the life science Abbott,Domino Amjet, Inc, Dynapar, Ohio Medical, advanced manufacturing, finance, distribution, logistics, clean energy and more

FOR SALE DETAILS

PRICE

$9,850,000 USD

PRICE/SF

$32 USD /SF

# OF ROOMS

210

PRICE/ROOM

$46,905 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Chicago North - Gurnee

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1970

PARKING SPACES

400

LAND DETAILS

LAND ACRES

3.99 AC

LAND SF

174,022 SF

ZONING

Commercial

APN/PARCEL ID

07-16-101-147

ASK ABOUT THIS PROPERTY

Robb SattenRobb SattenMore Info
847-875-8201

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Robb SattenRobb SattenMore Info
847-875-8201

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