121 NW Point Blvd | Elk Grove Village, IL 60007
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- LoopNet Team
121 NW Point Blvd
Elk Grove Village, IL 60007
Sheraton Suites Chicago Elk Grove · Hospitality Property For Sale
·
179,100 SF
INVESTMENT HIGHLIGHTS
- 9.61 acre, fee simple, 253-key, 7-story Upper Upscale hotel, located in Chicago’s NW Suburbs
- Priced below replacement cost at $69,170/key | $81,613/key with anticipated PIP
- Nearby demand generators include nearby Woodfield Mall, Allstate Arena, Rivers Casino, Legoland, and Arlington Park Racetrack
- $4.9M in property improvements over last five years
- Located directly adjacent to I-90 at the Arlington Heights exit, just 8.6 miles from O’Hare Airport
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built/Renovated | 1990/2016 |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 9.61 AC | Corridor | Interior |
| Building Size | 179,100 SF | ||
| Zoning | O-P, Elk Grove | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 9.61 AC |
| Building Size | 179,100 SF |
| No. Stories | 7 |
| Year Built/Renovated | 1990/2016 |
| Parking Ratio | 1.7/1,000 SF |
| Corridor | Interior |
| Zoning | O-P, Elk Grove |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 08-21-202-072-0000 | Improvements Assessment | $1,110,775 |
| Land Assessment | $889,228 | Total Assessment | $2,000,003 |
PROPERTY TAXES
Parcel Number
08-21-202-072-0000
Land Assessment
$889,228
Improvements Assessment
$1,110,775
Total Assessment
$2,000,003
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