300 S Frontage Rd | Burr Ridge, IL 60527
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- LoopNet Team
300 S Frontage Rd
Burr Ridge, IL 60527
Crowne Plaza Chicago SW Burr Ridge · Hospitality Property For Sale
·
72,438 SF
INVESTMENT HIGHLIGHTS
- Great Location!
- Fee simple interest in the 123-room lender-owned Crowne Plaza Burr Ridge Chicago
- Qualified franchisees can retain the Crowne Plaza franchise through a new long-term relicense agreement with IHG upon completion of the PIP
- Lots of Local Developments!
- Offered unencumbered by debt and third-party management at a significant discount to replacement cost
- Strong operational upside for prospective owners with the hotel under receiver and lender control since 2021
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1970/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 4.61 AC | Parking Ratio | 2.84/1,000 SF |
| Building Size | 72,438 SF | Corridor | Interior |
| Zoning | N - A business zoning district that allows for a variety of commercial and retail uses, including restaurants and grocery stores | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.61 AC |
| Building Size | 72,438 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2017 |
| Tenancy | Single |
| Parking Ratio | 2.84/1,000 SF |
| Corridor | Interior |
| Zoning | N - A business zoning district that allows for a variety of commercial and retail uses, including restaurants and grocery stores |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 09-25-211-001 | Improvements Assessment | $950,470 |
| Land Assessment | $650,020 | Total Assessment | $1,600,490 |
PROPERTY TAXES
Parcel Number
09-25-211-001
Land Assessment
$650,020
Improvements Assessment
$950,470
Total Assessment
$1,600,490
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