121 NW Point Blvd - Hospitality FOR SALE
Elk Grove Village, IL 60007 |
121 NW Point Blvd
Elk Grove Village, IL 60007
HIGHLIGHTS
- 9.61 acre, fee simple, 253-key, 7-story Upper Upscale hotel, located in Chicago’s NW Suburbs
- $4.9M in property improvements over last five years
- Priced below replacement cost at $69,170/key | $81,613/key with anticipated PIP
- Located directly adjacent to I-90 at the Arlington Heights exit, just 8.6 miles from O’Hare Airport
- Nearby demand generators include nearby Woodfield Mall, Allstate Arena, Rivers Casino, Legoland, and Arlington Park Racetrack
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Sheraton Suites Chicago Elk Grove
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
179100
STORIES
7
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1990
PARKING SPACES
304
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
O-P, Elk Grove
APN/PARCEL ID
08-21-202-072-0000
