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7350 N Lincoln Ave
Lincolnwood, IL 60712
District 1860 - Hotel Development Parcel · Land For Sale · 1.23 AC

INVESTMENT HIGHLIGHTS

  • Fully Entitled Hotel Development Opportunity
  • Adjacent to under construction 81,500 SF of commercial retail space anchored by 38,000SF national grocer
  • Adjacent to under construction 299 unit class A multi-family project

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Hotel
Total Lot Size 1.23 AC
Zoning PUD

DESCRIPTION

District 1860 is a premier hotel development opportunity in Lincolnwood, IL, a first-ring Chicago suburb located 13 miles northwest of the Loop. The proposed development is entitled for an up to 220 key, 7-story hotel project. On and off site work, all done by the current developer, will be fully completed prior to construction of the hotel. Work is underway on utilities, grading and parking, with the storm water management system for the entire project having already been completed. The Phase II hotel pad is well positioned to begin vertical development shortly after completion of architectural and engineering drawings. Phase I of the project has received significant traction in the retail leasing market, with 65% of the space pre-leased to Amazon Fresh, Fatpour Tap Works, and FatRosies Tequila Bar. The current and future mix of service and entertainment tenants as well as the village green will serve as an extra amenity for hotel guests. The site’s location at the intersection of Lincoln and Touhy Avenues provides future hotel guests with easily accessible entertainment options in the immediate area. Convenient access to multiple transportation options, including the Edens Expressway, offers connectivity to the entire Chicagoland area. Additionally, the adjacent Valley Line Trail provides guests walkable or bikable access to other trails as well as the Oakton- Skokie CTA station. The eco-system of a successful project is supported by the highly affluent surrounding demographics.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-27-317-057-0000
Land Assessment
$197,787
Improvements Assessment
$1,654,208
Total Assessment
$1,851,995
  • Listing ID: 25159620

  • Date on Market: 3/2/2022

  • Last Updated:

  • Address: 7350 N Lincoln Ave, Lincolnwood, IL 60712

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