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$ 1,200,000
Est. payment | /mo
122,500 SqFt
$ 1,200,000
Est. payment | /mo
122,500 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 122,500 sqft
Price per Sqft $9
MLS Listing ID 12122900
Year Built 1960
Annual Tax Amount $111,551
Tax Year 2023
Lot Dimensions 5.67 ACRES
Property Description
Auction! $1,200,000 is suggested opening bid for the online auction, not an asking price. There is an unpublished reserve price that is higher. This approx. 5.67 Acre site at 200 North Green Bay Road in Waukegan, IL is currently improved with a closed, 186 room hotel (former Ramada Inn) with banquet, restaurant and lounge spaces. This property could be redeveloped for a hospitality, senior living or multi-family use, or it could be demolished and replaced with a multitude of uses permitted within its B-3 zoning. Located on busy Green Bay Road next to a Brookside Senior Living facility, this site has more than 900' of frontage, with more than 500' of that frontage on Green Bay Road. Traffic counts are approx. 30,000 vehicles per day. Within a 3-mile radius there is a population of more than 110,000 with an average household income of $90,000. Pre-Auction Offers Highly Encouraged! Note: 6% buyers' premium applies; your client's offer plus 6% =total purchase price.
Location
State IL
County Lake
Area Park City / Waukegan
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Diana Peterson • AW Properties Global/Auction Works
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