Historical Hotel & Motel Sale Listing - Ramada Inn

Hotel & Motel For Sale

This Hotel & Motel property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Hotel & Motel For Sale, Waukegan, IL or Illinois

Ramada Inn

200 North Green Bay Road, Waukegan, IL 60085

N/A

186 Rooms | Hotel & Motel

  • Print

Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
186
Building Size:
20,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Auction:
Yes
Corridor:
Interior
Lot Size:
5.69 AC
Listing ID
17753005
Last Updated
over 1 year ago

Description

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.

AREA OVERVIEW
Lake County
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.

Map of 200 North Green Bay Road, Waukegan, IL 60085 (Lake County)

Research for 200 North Green Bay Road, Waukegan, IL 60085 (Lake County)

  • Demographics – Population, income & other demographics near 200 North Green Bay Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building