This Hospitality Property is no longer advertised on LoopNet.com.

1177 S Northpoint Blvd
Waukegan, IL 60085

Red Roof HomeTowne Studios Chicago Waukegan · Hospitality Property For Sale · 182,760 SF

Hotels Illinois Waukegan 1177 S Northpoint Blvd, Waukegan, IL 60085

INVESTMENT HIGHLIGHTS

  • Fee-simple interest in the corporate managed 121-room Red Roof HomeTowne Studios Chicago Waukegan.
  • Ability to purchase any combination of the five assets, affording buyers the opportunity to capitalize on strong operating economies of scale.
  • Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
  • Available for individual sale as part of a larger five property portfolio in the September 5th auction event.
  • Strong in-place market performance with trailing-24-month year-over-year average ADR gains of +13%.
  • Opportunity to explore alternative uses, including a potential residential conversion.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.49 AC
Building Size 182,760 SF
No. Stories 3
Year Built/Renovated 1997/2018
Parking Ratio 0.63/1,000 SF
Corridor Exterior

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

LINKS

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-36-203-025
  • 07-36-203-026
 Improvements Assessment $591,306
Land Assessment $152,131 Total Assessment $743,437

ZONING

Zoning Code R/LI
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  • Listing ID: 28893623

  • Date on Market: 6/30/2023

  • Last Updated:

  • Address: 1177 S Northpoint Blvd, Waukegan, IL 60085

The Hospitality Property at 1177 S Northpoint Blvd, Waukegan, IL 60085 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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