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This Hospitality Property is no longer advertised on LoopNet.com.

2520 173rd St
Lansing, IL 60438
 ESA Lansing Chicago IL · Hospitality Property For Sale · 55,359 SF

Hotels Illinois Lansing 2520 173rd St, Lansing, IL 60438

INVESTMENT HIGHLIGHTS

  • Fee-simple interest in the corporate owned and corporate managed 122-room Extended Stay America (ESA) Chicago Lansing.
  • Ability to purchase any combination of the 20-assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
  • Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
  • 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
  • Strong in-place performance with trailing-24-month year-over-year average ADR gains of +26%.
  • Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.

PROPERTY FACTS

Sale Condition Auction Sale No. Stories 3
Type of Ownership Fee Simple Year Built/Renovated 1998/2005
Property Type Hospitality Tenancy Single
Property Subtype Hotel Parking Ratio 3.04/1,000 SF
Building Class B Corridor Interior
Lot Size 2.40 AC Parcel Number 30-30-110-032-0000
Building Size 55,359 SF
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.40 AC
Building Size 55,359 SF
No. Stories 3
Year Built/Renovated 1998/2005
Tenancy Single
Parking Ratio 3.04/1,000 SF
Corridor Interior
Parcel Number 30-30-110-032-0000

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi
  • Fully-Equipped Kitchen

LINKS

 

  • Listing ID: 28675981

  • Date on Market: 6/6/2023

  • Last Updated:

  • Address: 2520 173rd St, Lansing, IL 60438

The Hospitality Property at 2520 173rd St, Lansing, IL 60438 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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2520 173rd St, Lansing, IL for sale Building Photo- Image 1 of 1
Extended Stay America Chicago Lansing

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