Waukegan Gurnee | 200 N Green Bay Rd
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Waukegan Gurnee 200 N Green Bay Rd
186 Room Hotel Waukegan, IL 60085 $1,200,000 ($6,452/Room)
Executive Summary
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.
Property Facts
| Price | $1,200,000 | Lot Size | 5.69 AC |
| Price Per Room | $6,452 | Building Size | 230,000 SF |
| Sale Type | Investment | No. Rooms | 186 |
| Sale Conditions | Distress Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1976 |
| Property Subtype | Hotel | Parking Ratio | 0.36/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | $1,200,000 |
| Price Per Room | $6,452 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.69 AC |
| Building Size | 230,000 SF |
| No. Rooms | 186 |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 0.36/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Retail
- On-Site Bar
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $128.00 | - |
| Guest Room | 174 | $105.00 | - |
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PROPERTY TAXES
| Parcel Number | 08-19-300-001 | Improvements Assessment | $54,425 |
| Land Assessment | $328,870 | Total Assessment | $383,295 |
PROPERTY TAXES
Parcel Number
08-19-300-001
Land Assessment
$328,870
Improvements Assessment
$54,425
Total Assessment
$383,295
zoning
| Zoning Code | B3 |
| B3 |
-
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AW Properties Global
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Waukegan Gurnee | 200 N Green Bay Rd
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