2875 Milwaukee Ave | Northbrook, IL 60062
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- LoopNet Team
2875 Milwaukee Ave
Northbrook, IL 60062
Crowne Plaza Chicago-Northbrook · Hospitality Property For Sale · 186,173 SF
Investment Highlights
- Newly remodeled, 318-room, Crowne Plaza in the heart of Northbrook, Illinois, a robust suburb of Chicago.
- Proximate to regional demand, including the Allstate Headquarters, Astellas Headquarters, CVS Caremark Regional Offices, and the Glen Town Center.
- Offered unencumbered of management with absentee ownership and potential rebranding opportunities.
- Excellent opportunity to improve market share as the hotel has trailed its competitive set in RevPAR the last five years.
- Strategic frontage on Milwaukee Ave, with over 23,000 daily drivers, in a high traffic area just ±1-mile from I-294 with nearly 137,000 daily drivers.
- Excellent location in the broader Chicago region, less than two miles to Chicago’s Executive Airport and 10 miles from O’Hare International Airport.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1977/2020 |
| Building Class | B | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 5.86 AC | Corridor | Interior |
| Building Size | 186,173 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.86 AC |
| Building Size | 186,173 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1977/2020 |
| Parking Ratio | 1.26/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 04-19-302-016-0000 | Improvements Assessment | $4,132,018 |
| Land Assessment | $638,405 | Total Assessment | $4,770,423 |
PROPERTY TAXES
Parcel Number
04-19-302-016-0000
Land Assessment
$638,405
Improvements Assessment
$4,132,018
Total Assessment
$4,770,423
zoning
| Zoning Code | B2 (General Commercial) |
| B2 (General Commercial) |
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