630-765-1987
933 S Riverside Dr, Elmhurst, IL for Sale
Hospitality - FOR SALE
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933 S Riverside Dr
Elmhurst, IL 60126


HIGHLIGHTS

  • Low DuPage County tax base Reliable
  • Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference center with an excellent reputation
  • Brand license within 1 year of term left with many brands available for new ownership
  • Near-term debt maturity motivating Seller
  • One of the few banquet venues with the ability to host outdoor and indoor events (Banquet venue built in 2004) Grand ballroom – 12,000 SF
  • Conveniently located on a busy IL-83 Kingery Hwy with easy access to I-88, I-294, I-355, I-290, I-90, & I-55 expressways

OVERVIEW

CALL FOR FINAL OFFERS -Hotel and Banquet can be sold separately. Property Overview: Urban Business Brokers, is pleased to offer for sale the fee simple interest in the 104-room Clarion Inn & Banquet Hall located in Elmhurst, IL (Dupage County). on a 8.23 acre lot. The Clarion Inn is an interior corridor property with an onsite bar and restaurant, three (3) meeting rooms totaling 4,400 sq ft and an indoor heated swimming pool. The Hotel was completely renovated in 2010 and numerous additional interior updates completed in 2020. Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference center (Built in 2004) with an excellent reputation and a well-established book of business. One of the few banquet venues with the ability to host outdoor and indoor events spanning over 32,000 sq ft of combined spaces. Comprehensive range of conference rooms that can accommodate up to 1,500 guests. Equipped with the latest audio-visual equipment and technology for Weddings, Receptions, Engagement Parties, Corporate Meetings, Concerts, Trade Shows, Association Fundraisers, Trainings and Seminars, Family Reunions, Sport Banquets, Baby Showers, Anniversaries, Graduations parties, Holiday Parties, and many more life events. The Property is conveniently located on a busy IL-83 Kingery Highway, with easy access to I-88, I-294, I-355, I-290, I-90, & I-55 expressways and is surrounded by national and local retail centers, shops, restaurants and corporate businesses. The Clarion Inn is located in Elmhurst, IL, one of the affluent western suburbs of Chicago and just minutes from well-known Oak Brook, IL.

FOR SALE DETAILS

PRICE

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# OF ROOMS

104

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Inn Elmhurst & Waterford Banquet

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1975

PARKING SPACES

357

LAND DETAILS

LAND ACRES

8.23 AC

LAND SF

358,499 SF

ZONING

C-3A, Elmhurst

APN/PARCEL ID

06-14-108-070,06-14-108-071

ASK ABOUT THIS PROPERTY

Raavi SravanUrban Business BrokersMore Info
630-765-1987

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Raavi SravanUrban Business BrokersMore Info
630-765-1987

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