$1,150,000
$1,895,000
39.3%For more information regarding the value of a property, please contact us for a free consultation.
122,500 SqFt
SOLD DATE : 06/29/2023
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 122,500 sqft
Price per Sqft $9
MLS Listing ID 11737714
Sold Date 06/29/23
Year Built 1960
Annual Tax Amount $117,902
Tax Year 2021
Lot Dimensions 5.67 ACRES
Property Sub-Type Retail/Stores
Property Description
Opportunity Knocks! Closed former 186 room hotel with banquet space and restaurant and lounge now available for sale. This 5.67 acre site is located on busy Green Bay Road with traffic counts of approximately 30,000 vehicles per day. The property has more than 900' of frontage, with more than 500' of that frontage on Green Bay Road. Within a 3-mile radius there is a population of more than 110,000 with an average household income of $90,000. This property can be rehabbed into a hospitality use or redeveloped.
Location
State IL
County Lake
Area Park City / Waukegan
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Level or Stories 2
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Bought with Nicholas Nicketakis • Callahan Blandings & Schaper
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "