1550 E Dundee Rd - Hospitality FOR SALE
Palatine, IL 60074 |
1550 E Dundee Rd
Palatine, IL 60074
HIGHLIGHTS
- AUCTION - December 8-10, 2025 | Starting Bid: $850,000 - Register to bid and access due diligence documents on RealINSIGHT Marketplace
- Strong Location & Accessibility - High-visibility corner near IL-53 and Dundee Rd with direct access to I-90, O'hare International Airport, Downtown
- Substantial Redevelopment Opportunity - The site includes a six-story, 181-room hotel and a 60,000 SF athletic complex
- Diverse Facility Mix - Hotel includes lobby, breakfast room, pantry kitchen, and laundry facilities, and athletic complex
- Demographics - Affluent area with median household income of $121k and population over 250k within 5 miles.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
AUCTION-Holiday Inn Express Chicago Palatine
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
167000
STORIES
6
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1980
PARKING SPACES
75
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
PUD
APN/PARCEL ID
02-01-401-008-0000
