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$ 9,800,000
Est. payment | /mo
$ 9,800,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12212729
Year Built 1970
Tax Year 2023
Lot Dimensions 600 X 399.3
Property Description
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. 15-Year Extension of the Holiday Inn flag available from IHG.
Location
State IL
County Lake
Area Gurnee
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 4
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robb Satten • Real Broker, LLC
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Taylor O'Neill
License ID: 475178681, 97368-94