2520 173rd St - Hospitality FOR SALE
Lansing, IL 60438 |
2520 173rd St
Lansing, IL 60438
HIGHLIGHTS
- Fee-simple interest in the corporate owned and corporate managed 122-room Extended Stay America (ESA) Chicago Lansing.
- Tours Available July 10. Available for individual sale as part of a larger 20-property portfolio in the July 26th and July 27th auction events
- Ability to purchase any combination of the 20-assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
- Strong in-place performance with trailing-24-month year-over-year average ADR gains of +26%.
- Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
- Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
ESA Lansing Chicago IL
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
55359
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1998
PARKING SPACES
152
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
30-30-110-032-0000
