40 N Martingale Rd | Schaumburg, IL 60173
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40 N Martingale Rd
Schaumburg, IL 60173
Holiday Inn Express & Suites Chicago · Hospitality Property For Sale
·
43,500 SF
Investment Highlights
- Four-Story IHG-Branded Hotel Under Construction in the Chicago MSA
- Ideally Located off I-290 Eisenhower Expressway (~185k VPD), Corner of Martingale Road (~8k VPD) and Schaumburg Road (~23k VPD)
- Short Drive to the Streets of Woodfield and Woodfield Mall - The Largest Shopping Mall in Illinois and 15th in the U.S.
- Selling at Certificate of Occupancy (CO)
- Adjacent Corporate Offices of Motorola Solutions, Zurich Insurance, IBM and More
- The Region Comprises of 9.5 Million SF Retail & Restaurant Space, Over 12 Million SF Office Space and 13.5 Million SF Industrial Space
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.84/1,000 SF |
| Lot Size | 5.08 AC | Corridor | Interior |
| Building Size | 43,500 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.08 AC |
| Building Size | 43,500 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
| Zoning | C |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 07-24-401-005-0000 | Improvements Assessment | $517,934 |
| Land Assessment | $764,977 | Total Assessment | $1,282,911 |
Property Taxes
Parcel Number
07-24-401-005-0000
Land Assessment
$764,977
Improvements Assessment
$517,934
Total Assessment
$1,282,911
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