This property is Off-Market
200 North Green Bay Road
Waukegan, IL 60085 ·
186 Rooms · Hotel & Motel For Sale
|Price||N/A||Property Use Type||Investment|
|Building Size||20,000 SF||Corridor||Interior|
|Property Type||Hotel & Motel||Lot Size||5.69 AC|
|Property Sub-type||Full Service|
|Listing ID: 17753005||Date Created: 07/18/2012||Last Updated: 01/04/2013|
On Thursday, Augusy 23rd, 2012, CBRE Auction Services is pleased to present for auction the Ramada Inn located at 200 North Green Bay Road, Waukegan (Lake County) , Illinois. Strategically located on the shores of Lake Michigan at the midpoint of the Chicago-Milwaukee corridor along Interstate 94, the city of Waukegan is just 40 miles north of downtown Chicago and 55 miles south of downtown Milwaukee. Boding a central location in Waukegan, the property is within minutes to a diverse base of demand generators, including the Great Lakes Naval Training Center, Waukegan Harbor, Six Flags Great America and Hurricane Harbor, Gurnee Mills, Genesee Theatre, Field House, as well as the offices of Rock Tred, Lake County Press, WMS Industries, Cardinal Health and Abbott Labs.
This two-story property is the market' s only full-service hotel, ideally suited for group business with its 186 guest rooms, 10,000 sf of meeting space, and its on-site leased Saddle Ridge Restaurant and Fireside Lounge. Additionally, the property features a heated indoor swimming pool and fitness center - making the Ramada Inn the perfect choice for corporate and leisure travelers.
The city of Waukegan, the county seat of Lake County, is the ninth largest city in Illinois with its population of approximately 95,000. Lake County is comprised of a diverse, well-educated workforce that offers a mix of skilled and professional workers with a high per capita income of $48,613. Area industrIies are largely focused in the most recession-proof sectors, including government, higher education, and healthcare. Combined, these sectors comprise 67% of Lake County' s largest employers. According to Lake County partners, the metro area' s top employers include: Abbott Laboratories, Naval Station Great Lakes, Aon/Hewitt, Baxter International, WW Grainger Inc., Discover Financial Services, Motorola Inc., Vista Hospitals, Lacosta Facility Support Services, and CDW Corporation.
City of Waukegan
Centered between the thriving metropolitan areas of Chicago and Milwaukee at the northeast corner of Illinois, near the Wisconsin border, Waukegan is literally" At the Top of Illinois." The city is best characterized by its big city amenities coupled with small town charm that is well supported by a relatively stable economy.